Budget Special Trading Session – 28 Feb 2015

Live Budget Special Trading on Saturday on NSE & BSE

Special budget trading session on 28 feb 2015

live trading on budget day saturdayBudget special Trading session will be conducted by both Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).  The trading sessions will be carried out on the Saturday and trading hours remains normal.  Both exchanges open for Capital Market (Equities Segment) and Futures and Options (Derivatives) Segment.

Update on 25 Feb 2015 about budget special trading in commodities:

As per FMC Circular both MCX and NCDEX remains open for trading during budget day.  Both Commodities exchanges will trade from Morning 10:00 Hrs to Evening 17:00 Hrs.  Both Agri and Non- Agri Commodities will trade during the special budget live session on MCX and NCDEX

NSE vide their circular NSE/CMTR/28939 (For Equities segment) and NSE/FAOP/28940 (F&O Segment) Notified about this budget special trading session which will be held during usual trading hours of 09:15 to 15:30 Hours

Live Budget Trading on 28 Feb 2015 in Cash Market (NSE)

Pre Open* 09:00 hrs 09:08 hrs.

Normal/ Odd lot / Retail Debt Market 09:15 hrs 15:30 hrs.

Block Deal Session 09:15 hrs 09:50 hrs.

Call Auction Illiquid session (6 sessions of 1 hour each) * 09:30 hrs 15:30 hrs.

Closing Session 15:40 hrs 16:00 hrs.

* Random closure in last one minute

 Budget Trading Session in F&O Segment in NSE

Normal Market Open 09:15 hrs.

Normal Market Close 15:30 hrs.

BSE Trading Timings on Budget Day (28 February 2015, Saturday)

Pre Opening Session* 09:00 hrs 09:08 hrs.

Normal Market Trading Hours: 09:15 hrs 15:30 hrs.

* Random closure in last one minute

For Bombay Stock Exchange Notification on the special trading session on the eve of Union Budget Presentation refer their circular 20150220-23.

It is not yet clear whether the trading will also be conducted in Currency Segment as the circulars are not yet issued in this regard.  Traders and Investors are eagerly waiting for the news of this.  It will help to eliminate a lot of volatility when the markets opens on Monday.  If no trading is conducted during the presentation of union budget, it may lead to huge volatility when the markets open next trading day.  Many traders take huge positions in anticipation of sector specific news and if there are no proposals in budget, then there may be huge down fall in particular sector.

Opening the market for trading during the presentation of budget will help to reduce the risk for traders as news can be discounted instantly as and when required.

 There was wide speculation about whether trading session will be conducted on Saturday which is a holiday for trading on exchanges.  When the budget was presented during night times, there used to be a post market session in the night to factor any announcements made during budget speech by finance minister.

Most probably, both commodities markets (MCX and NCDEX) may remain closed.  These exchanges have not yet notified of any change in the trading hours on budget day.