Launching of Pre-Open Session at NSE and BSE from October 18


With the capital regulator, Securities and Exchange Board of India (SEBI), giving its green signal for launching of pre-open session call auction on the stock exchanges, in July this year, India's two premier bourses, Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), will start a pre-session call auction for 15 minutes from October 18

With the capital regulator, Securities and Exchange Board of India (SEBI), giving its green signal for launching of pre-open session call auction on the stock exchanges, in July this year, India's two premier bourses,Bombay Stock Exchange (BSE) andNational Stock Exchange (NSE), will start a pre-session call auction for 15 minutes from October 18, according to CEO and MD of National Stock Exchange, the pre-session call auction will start simultaneously on both the bourses.

What is "Pre Open Session Call Auction"


In Pre open session call auction practice, the participants indicate their willingness to buy or sell units of a security by placing an order for number of units at the price prevailing before the opening of trade. The session will last for 15 minutes from 9 am to 9:15 am and will be introduced on BSE and NSE on an experimental basis.

The pre open session will, to certain extent, reduce the volatility in the market observed in the few minutes/seconds of trading hours, and is expected to help both institutional and retail investors, due to less price volatility. According to reliable sources, a uniform price band of 20 percent will be applicable eligible securties during the pre open session. Initially both theSensex, consisting of 30 scrips and Nifty, 50 scrips of BSE and NSE, will be covered under the call auction session.


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