Overview
- The session will run from 9:00 to 9:15 am with order entry until a randomized cutoff between 9:07 and 9:08, followed by matching to 9:12 and a buffer to the open.
- Coverage includes current-month futures on single stocks and indices, with next-month futures added in the final five trading days before expiry, while options, far-month futures, spreads and certain corporate-action ex-dates are excluded.
- All orders face margin validation; limit and market orders are permitted, whereas stop-loss and immediate-or-cancel instructions are not, with live indicative pricing and demand–supply data displayed.
- The opening price will be the equilibrium rate that maximizes executable volume, with unmatched limit orders carried into the regular session and unmatched market orders converted to limits at the discovered price.
- Mock trading is scheduled for December 6 ahead of the December 8 launch, aligning derivatives with the equity market’s pre-open framework under SEBI’s earlier directive.