Stock Market timings.

INDIAN MARKETS

Trading on the Indian equities segment takes place on all weekdays.

There is No trading on Saturday, Sunday and Published Indian Stock Market Holidays declared by the Indian Stock Exchange in advance.

  • The Market Opens at: 09:15 hours and Closes at: 15:30 hours
  • Pre open trade session will be from 09:00 ~ 09:15 hours

Pre-open trade session is a 15 minute trade session from 9:00AM to 9:15AM on the 50 stocks of NIFTY index .

Only 50 stocks of the NIFTY index can be traded during this time on both NSE and BSE. Normal trading for all other stocks will start at 9:15AM till 3:30PM.

WHY PRE MARKET SESSION?

In case a major event or announcement comes overnight before market opens, such events are likely to bring heavy volatility on the next day when the market opens. Special events include merger and acquisition announcements, open offers, delistings, debt-restructurings, credit-rating downgrades etc which may have a deep impact on investors wealth. In order to stabilize this, pre open call auction is conducted to discover the right price and to reduce volatility.

BREAK-UP OF 15 MINUTES

The 15 minutes of pre open session is broken into 8 + 4 + 3.

The first 8 minutes:  During this session investors can place/ modify /cancel orders on the basis of which the exchanges would determine the rates at which trading would happen. Orders are not accepted after this initial 8 minutes.

Limit orders will get priority over market orders at the time of execution of trades .All orders shall be disclosed in full quantity, i.e. orders where revealed quantity function is enabled, will not be allowed during the pre-open session

In the next four minutes, orders are matched, executable price is discovered and trades are confirmed. The next 3 minutes is just a buffer period for transmission from pre-market session to normal market session.

PRICE DISCOVERY

The equilibrium price shall be the price at which the maximum volume is executable. That is, the price at which there are maximum number of buy orders and sell orders.

In case of more than one price meets the said criteria, the equilibrium price shall be the price at which there is minimum order imbalance quantity (unmatched qty).

Further, in case more than one price has same minimum order imbalance quantity, the equilibrium price shall be the price closest to previous day’s closing price. In case the previous day’s closing price is the mid-value of a pair of prices which are closest to it, then the previous day’s closing price itself shall be taken as the equilibrium price. In case of corporate action, previous day’s closing price shall be the adjustable closing price or the base price.

  • If the price is not discovered in pre-open session then the orders entered in the pre-open session will be shifted to the order book of the normal market following time priority. The price of the first trade in the normal market shall be the opening price.
  • Price band of 20% shall be applicable on the securities during pre-open session.
  • In case the index breaches the prescribed threshold limit upon the closure of pre-open session, the procedure as prescribed in SEBI Circular Ref. No.SMDRPD/Policy/Cir-37 /2001 dated June 28, 2001 shall be applicable from the time continuous normal market opens.
  • what the circular says is about circuit limits. In case of 20% movement in the index, trading will be halted for reminder of the day.

There is also a 15  minute video on this topic by Dr. Sayee Srinivasan , Head Product Strategy, at BSE. Watch it here.

REGIONAL STOCK MARKETS

Apart from the BSE and NSE, there are 21 regional exchanges which open at normal hours 9:15  to 15:30 hrs.

WORLD MARKET TIMINGS

Apart from this, global trends in stocks also affect the Indian market when it opens. Here’s a list of opening time of stock markets around the world.

WORLD STOCK MARKET TIME ACCORDING TO IST.

  • Shanghai stock exchange  – Opens at 7.30 Am
  • Hong Kong stock exchange -  Opens at 7.55 Am
  • Tokyo stock exchange  - Opens at 5.50 Am
  • South Korea – Opens at 5.50 Am
  • NYSE, New York  – Opens at 8.30 Pm
  • NASDAQ  – Opens at 8.30 Pm
  • BOVESPA , Brazil – Opens at 7 Pm
  • Bogota,  Columbia – Opens at 7 Pm
  • Dow Jones – Opens at 7.30 Pm

You can also get the market timing of any other stock or commodity  exchange at marketclocks.com

Bye for now ..

…have a nice day !

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25 Responses to “Stock Market timings.”

brijesh

January 24, 2012 at 2:30 pm

great and informative article – I’m happy that I discovered it.
subscribing :)
Keep the good work going.

kenny

January 27, 2012 at 11:37 am

It’s really a great and helpful piece of information. I am happy that you just shared this useful information with us. Please keep us informed like this. Thank you for sharing….

Sricharan

August 18, 2012 at 1:18 am

With this I have completed reading Shares and stock markets section. I have read each and every line on all articles in this section. The information you have provided is very useful and I am glad that I have reached this website while searching for something else on google. Will recommend to my friends for sure, which will help them to gain some insight on the stock markets.

Kudos to you..

J Victor

August 19, 2012 at 9:46 pm

thankyou:)

Jignesh Patel

September 27, 2012 at 9:10 am

I found this as a great informative article.
Came to know regarding the timing of exchanges as well as idea about pre – opening session.
Keep it up and make us learn new concepts like this.

J Victor

October 1, 2012 at 8:20 am

thankyou jignesh :)

Vishal

November 3, 2012 at 12:57 am

Hello All,

Once I am done with these tutorial , can I go for any certification ? Which would be more authentic way to show the world that I have some knowledge in Stock Markets & Equities .

Please share your ideas

Thanks
Vishal

SUNITA

January 15, 2013 at 5:26 pm

thank u soooooooooooo much our artical is very informativ.

balaji

January 19, 2013 at 8:40 am

HI,
how abt gold and silver (commodity) trading in india?

thanks,
BS

KSBR PRASAD

February 4, 2013 at 11:26 pm

Excellent article. Till now I do not know about pre-market, and market timings. Thank you very much for passing on this basic knowledge.

Reghu

March 4, 2013 at 10:16 am

Hi Victor
Best article for the beginners like me…short and simple..kudos to the entire team…i request to include europe market timing also to make it complete guide relevant for indian markets, as i believe sometimes europes opening have some impact on few pharma stocks and is very important in currency front …and taking into todays news driven economic conditions europe is a major source of negative news which can have a direct impact….

Ajeet

April 23, 2013 at 12:50 pm

very informative. thank you

Supriya

July 31, 2013 at 1:18 am

Hey……….. U people write really great articles……….. So easy to understand…………

mathi

October 26, 2013 at 8:55 pm

hi very nice ..articles from u..
can do currency trading from our home…in india.

if yes from which broker gives that adequate things..
pl reply

Rinto Jose

November 23, 2013 at 12:22 pm

Simple and clear explanation.
Great work

parth raichura

May 10, 2014 at 10:41 am

Heyy j victor will u give me ur email adrees i want to ask some questions ur article is too good

J Victor

May 12, 2014 at 7:56 am

Please mail at contact@sharemarketschool.com

Sandesh Nandode

July 22, 2014 at 5:22 pm

Sir, you are doing noble job of educating investors, content of your each article is awesome, I request you to share same kind of information about Commodity and Currency trading. Thank you so much.

sanjay

August 25, 2014 at 12:35 pm

Excellent article. Make us learn new concepts like this. Thank you so much Sir..

Aman Pushpak

September 14, 2014 at 10:23 am

Superb too easy to understand

Thanxx !!

joystana

December 13, 2014 at 5:15 pm

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Mariappan M

April 28, 2016 at 9:29 pm

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May 27, 2016 at 6:41 pm

nice article thanku

Nagendra K

October 9, 2016 at 11:18 pm

Thanks for useful information.
Good job. Keep it up.

Rahul Gurkhe

November 5, 2016 at 3:05 pm

Thanks for the details….

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