Pre-Open Market Session:

The pre-open market session, exclusive to the equity segment, was introduced to minimize volatility and streamline the opening process of securities on both NSE and BSE. This Pre-Open Market Session, plays a crucial role in setting the opening price for the trading day.

During the initial 7 minutes (9:00 AM to 9:07 AM), the exchange allows order placement, order modification, or order cancellation. Clients have the flexibility to place limit or market orders.  Between 9.07 AM and 9.08 AM  orders are matched, and trades are confirmed and the traded price will be known as the opening price for the day.

Example:

If you place a market order during this session, it will be executed at the Opening price derived once the order collection window closes.

Post-Closing Session:

The post-closing session, lasting from 3:40 PM to 4:00 PM, is dedicated to market orders in the equity segment. Specifically, clients can place buy or sell orders using the CNC product code at the market price. However the trade will take place only at the closing price of the scrip and all buy or sell orders will be executed at that price only.

Example Scenario:

For instance, if the closing price of Reliance is ₹2200, and you place a market order to buy Reliance between 3:40 PM and 4:00 PM, the order will be executed at ₹2200, aligning with the closing price if the counter party exists.

The post-market session, while less active, provides insights into stock movements, visible through market depth from 3:40 PM to 4:00 PM.

To know more, please connect with our support team by writing to us on help@tradejini.com