The NSE and BSE introduced the concept of the pre-open session to reduce the volatility of securities and provide better price discovery in the markets. Pre-market sessions are conducted on a daily basis at the exchange.
The pre-open market session lasts for 15 minutes from 9 AM to 9:15 AM and is divided into three parts:
After the closure of the collection window to 9.15 AM new orders cannot be placed. The orders placed are matched and trades are confirmed.
One can place orders only in the cash segment. Stop Loss orders are not allowed. Finally, The orders that have not been traded are carried forward to the normal trading session. Detailing on such orders below:
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