Stock markets to observe trading holiday on Jan 22, operational today

Indian stock exchanges will observe trading holiday on January 22 in Equity, Equity Derivatives, SLB Segment.

BSE cited a notification of Maharashtra General Administration Department dated January 19 regarding declaration of public holiday on January 22 and RBI press release regarding public holiday on January 22 under Negotiable Instruments Act, 1981.

BSE said it shall conduct regular trading session as per regular timings on Saturday on January 20 from its primary site (PR) in Equity, SLB and Equity derivatives segment.

There will be no intra-day switchover from PR site to DR site.

Special trading session on Saturday

Exchanges have also planned a Special Live trading session on Saturday, January 20, with intraday switch over to DR site.

Leading stock exchanges BSE and NSE will conduct a special trading session in the equity and equity derivative segment on Saturday to check their preparedness to handle major disruption or failure at the primary site. The special live trading session will have intra-day switch over from Primary Site (PR) to Disaster Recovery (DR) site.

Earlier, the exchanges said there will be two sessions -- the first from 9.15 am to 10 am from the PR, and the second from 11.30 am to 12.30 pm from the DR site. However, now media reports say that the market will be operational fully like a normal trading day.

All securities, including those on which derivative products are available, will have a maximum price band of 5%.

Securities already in the 2% or lower price band, will continue to be available in the respective bands.