Here's why BSE, NSE will conduct special live training session; check date, timings

The National Stock Exchange and the Bombay Stock Exchange will have a special live session on January 20 to switch over to the Disaster Recovery (DR) site, according to a statement put up on the exchange portal.

The pre-open session for both the BSE and NSE starts at 9 a.m., and then the regular market opens at 9:15 a.m. and closes at 10 a.m. The pre-opening session for the disaster recovery site begins at 11:15 a.m., regular market operations commence at 11:23 a.m., and a closing session is held at 12:50 p.m.

In its official circular, the NSE said, "This is in reference to SEBI circular SEBI/HO/MRD/DMS1/CIR/P/2019/43 dated March 26,2019 regarding framework for Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) for stock Exchanges and depositories and Exchange Circular no. NSE/MSD/44692 dated June 18, 2020 regarding unannounced live trading sessions from Disaster Recovery (DR) Site and circular no. NSE/MSD/48662 dated June 18, 2021 regarding important guidelines in case of switchover of trading system to Disaster Recovery (DR) Site."

According to SEBI discussions, the primary goal of doing this special trading session is to assess how ready stock exchanges are to deal with unanticipated occurrences that can affect their operations and force them to move to the Disaster Recovery location within the allotted recovery time.