The document discusses the timings and procedures for trading on the Indian stock market. It is divided into several sections: - The pre-opening session allows orders to be placed from 9:00-9:15 AM before the normal trading session begins. - The normal trading session runs from 9:15 AM to 3:30 PM, when trading occurs freely. - The post-closing session from 3:30-4:00 PM is used to calculate closing prices and allow limited additional orders. - Muhurat trading occurs for one hour on Diwali each year. - Being aware of the timings is important for profiting from intraday trading on the stock market.

1. Stock market timings
• Section 1: From 09:00 AM to 09:08 AM
• During these 8 minutes, you can place orders to buy or sell different shares in the stock market. You
can also modify or cancel any orders that you may have placed. When the normal trading session
begins at 09:15 AM, the orders placed during this section of the pre-opening session get preference
in the queue of orders.
• Section 2: From 09:08 AM to 09:12 AM
• During these 4 minutes, you cannot place any new orders, modify existing ones, or cancel any
order. This section is necessary so that price matching can be performed. Price matching involves
comparing demand and supply. It helps determine the final prices at which different shares will be
traded when the market opens at 09:15 AM.
• Section 3: From 09:12 AM to 09:15 AM
• This 3-minute window of time is like a connection section between the pre-opening session and the
normal trading hours. It behaves like a buffer to ease the transition into the regular trading session.
Again, during these 3 minutes as well, you cannot place, modify, or cancel any orders.
• Normal session
• This is also known as the continuous trading session, and it runs from 09:15 AM to 03:30 PM.
During this session, you can trade freely, place orders to buy or sell stocks, and modify or cancel
your buy or sell orders without any limitations. During this window, a bilateral order matching
system is followed. This means that each sell order is matched with a buy order that has been
placed at the same stock price, and each buy order is matched with a sell order that has been
placed at the same stock price.

2. • Post-closing session
• This session begins when the regular trading session comes to a close at 03:30 PM.
The post-closing session, which runs up to 04:00 PM, consists of two sections.
• Section 1: From 03:30 PM to 03:40 PM
• In these 10 minutes, the closing prices of stocks are calculated by taking the
weighted average of the stock prices traded between 03:00 PM and 03:30 PM. The
closing prices of indices like Sensex and Nifty are calculated by considering the
weighted average prices of all the securities that are listed in that index.
• Section 2: From 03:40 PM to 04:00 PM
• In this 20-minute section, you can still place buy and sell orders. But the orders are
confirmed only if there are sufficient numbers of buyers and sellers in the market.
• Muhurat trading
• In India, the stock market typically remains closed on public and national holidays.
However, on Diwali each year, the stock market is open for one hour for a Muhurat
trading session; this is in place since Diwali is considered to be an auspicious day.
The time and the date for this session changes each year.
• Conclusion
• Being aware of the stock market timings are vital to earn profits, especially if you
pursue intraday trading. All you need is an online Demat account and trading
account to get started on your journey of trading or investing in the share market.
You can open an online Demat and trading account with any one of the many
depository participants in India, like IIFL.

3. National Stock Exchange
1. Incorporated in 1992
2. Recognized in 1993
3.Operations in june 1994
4.Promoted by
IDBI,ICICI,IFCI,INSURANCE,COMMERCIAL
BANKS.
5.Recommended by pherwani committee

5. NSE
Stock exchange
The National Stock Exchange is
stock exchange located in Mumbai,
India. National Stock Exchange was
established in the mid 1990s as a
demutualised electronic exchange.
CEO: ashish kumar Chauhan 14 nov
22
Headquarters: Mumbai, India

7. National Stock Exchange:Objectives
• Nation wide trading facility
• Equal access of information
• Efficient and transparent security market
• To meet international standards and bench
marks.
• Enable settlements.

8. Ownership and management
• Owned by financial institutions, banks, insurance
sectors etc.
• Managed by professionals.
• Board consists of senior executives.
• Board prepares policy of stock market.
• Executive committees formed under AOA.
• Some Executives are traders in market.
• Several committees: Trade related, Settlement
issues, Regulatory issues.
• MD and CEO is the head of professional staff.

9. Market segments
• Wholesale Debt market-corporate members
are admitted.-2crores- fees 30 lakhs
• Capital market segment-individuals and firms
are eligible – 75 lakh,corporate bodies-100
lakhs.
• Timings-9.55am-15.30pm

10. Criteria for listing of shares
• Companies must and should be listed for trading.
• New company: 10 cr of equity capital and market
capitalization is not less than 25 cr.
• Should be referred by existing company having
3years good past record.
• Existing company: it should be listed in any other
stock exchange for a minimum of 3 yrs. Net
worth capital 50 crs. Dividend is to be paid in 2
out of last 3 financial years.
• All the companies should have a minimum paid
up capital of 10 crs.

11. Settlement mechanism
• Periodic settlement cycle
• Begins on Wednesday and ends on Tuesday.
• Retail debt market is on T+2 rolling basis.
• National securities clearing corporation
limited is the clearing and settlement agencies
all made at NSE.

12. Nation Wide trading
• NSE provides service at same price at any stock exchange
• Uses automated trade system for exchange
• NSE operates on NEAT
• Price data will be broadcasted by press trust of india
• NCH gives information about the owner of scrips and no. of
scrips by a specific person
INDEX
• 50 companies shares representing 25 sectors of the
economy
• Uses weighted average method

13. Developments in NSE
• Launched internet trading services in 2000
• Future derivate tradings
• 2001 trading in index options, futures
• 2002 launched exchanged traded funds and NSE govt.
securities index
• Own wharton infosys business transformation award in
wide transformation category
• 2003 started in trading in retail debt market
• 2004 trading in interest rate futures
• 2005 it instituted the futures and options bank NIFTY index
• Ranks amongst the largest stock market in the world

14. • Ashish Chauhan
• Business person
• Ashish Kumar Chauhan is an Indian business executive and administrator.
He is the current Managing Director & Chief Executive Officer of the
national Stock Exchange.
• Education: Indian Institute of Management Calcutta

16. BSE
• BSE
• Stock exchange
• Bombay Stock Exchange, is a stock exchange located on
Dalal Street, Mumbai, Maharashtra, India. It is the 8th
largest stock exchange in the world by market
capitalisation of 276.713 lakh crore as of 31 December
2022.
• CEO: Ashish Chauhan
• Founder: Premchand Roychand
• Founded: 1875
• Headquarters: Mumbai, India

17. • Ashish Chauhan
• Business person
• Ashish Kumar Chauhan is an Indian business executive and administrator.
He is the current Managing Director & Chief Executive Officer of the
Bombay Stock Exchange.
• Education: Indian Institute of Management Calcutta

18. BOMBAY STOCK EXCHANGE
• Established in 1875 in dalal street, Mumbai
• Native share and stock brokers association
• First stock market in india
• Screen based trading system- 1955
• Permanent recognition from govt. of india under the securities
contract act 1956
INDEX
• BSE sensex- introduced in 1986
• Most popular weighted index
• 30 companies in Apr 1979
• Sensex are about one-fifth of market capitalization of BSE
• Some other indices used in BSE are BSE100 and BSE500
Sensex = Aggregate Market value of 30 companies/ Index divisor

19. Significance
• First stock market to introduce equity derivatives
• It was the first option to obtain ISO certification for surveillance, Clearing and
settlement
• It launched nation wide investor awareness campaign and passes information
through print and electronic media.
BOLT
• started in march 1995 to bring about transparency and liquidity. It eliminates
mismatches and settlement risks
Investor protection fund
• To help the investors against defaulting members.
• Managed by trustees appointed by the stock exchange, members contribute to it
• Fees 2.5% is collected from listing members
• SM also credits the interest on security deposites by making a public issue
• Exchange releases 5% of its surplus to this fund
• Maximum amount payable to an investor from this fund incase of default is 10lacs
• Defaulter committee finds out the geniuses of the claim and releases the fund

20. Investor education and training
• Provides financial assistance up to one crore rupees to
recognize investor association
• Investor assistance centre in many cities .
• Center provide redressal of investor grievances and
information.
• BSE has given training to 20,000 investors in BSE training
institute.
• It brings out many publications providing information to
investors.
• Arranged seminars and lectures for creating awareness.
• It is associated with professional bodies.
• Initiated many research projects.
• Website bscindia.com provides information on capital
markets.
• BSE collaborated with ZEE interactive learning systems to
provide knowledge, information and awareness.

21. The Basics of buying shares online in India
• In the present digital age, you can purchase shares online with just a few clicks. Here are the steps
required to buy shares online:
• 1. Getting a PAN card
• 2.d mat account
• You can open a Demat Account with a Depository Participant (DP). A DP can either be registered
with National Securities Depository Limited (NSDL) or Central Securities Depositories Limited
(CSDL), or both.
• 3. Open a Trading Account
• The next step is to open a Trading Account. A trading account is used to purchase and sell shares in
the stock market. Once you have a Demat Account to hold the shares virtually, you need a Trading
Account to complete the buy and sell transaction. While purchasing shares online, you have to
quote your unique Trading Account number.
• 4. Register with a Broker/Brokerage Platform
• 5. The need for a Bank Account
• 6. Get your Unique Identification Number (UIN)
• To create a database of all Market Participants and investors, SEBI has made it compulsory for
investors to get a UIN. You can get a UIN through Point of Service (POS) agents appointed by NSDL.
• You must, however, note that a UIN is only required when you are trading with a capital of Rs 1 lakh
or more.

22. Trading mechanism
• Knowledge about securities market.
• Marketing of securities can be done only through
members of stock exchange.
• Members are either individuals or institutions.
• The member is registered under stock exchange.
• Trading can also be done by brokers on listed
securities.
• The brokers receive commission.
• The transactions to buy and sell securities is also called
trade.
• This is to be done through selection of a broker.

23. securities
• Three kinds of securities are traded in Mumbai stock
exchange.
• Specified securities:
 Share should be listed on the stock exchange for at least 3
years.
 Issued capital should not be less than 75 crores.
 It should have a market capitalization of 2 or 3 times.
 2000 share holders are on dividend receiving list.
 Growth company with shares of 4.5 crs with face value.
• Non specifies securities:
 The securities which do not follow above conditions are
non specified securities.
• Odd lots:
 Includes odd lots of shares and debentures.
 Example: 3, 5, 7, 25, 29 etc.

24. Rules for stock exchange
• Market capitalization should not be too high or
too low.
• Brokers are given only a fixed rate of commission
• 75 % of daily transactions should be in cash. This
system is called “thin track” system.
• The brokers have right to purchase and sell of
shares of ¼ total shares.
• Uniformity in rules and regulations should be
there for opening and closing of stock exchange.
• The stock exchanged is managed by a committee
called a governing body consists of brokers,
directors, government, SEBI and public
representatives.

25. broker
• The person who involve in the exchange of
securities for the sake of investors is called
broker.
• Selection of broker depends on kinds of
services rendered by him.
• Responsibilities:
Provide information.
Availability of investment literature.
He should be registered in stock exchange.
Appoint competent representatives.

26. Types of brokers
1. Commission broker:-agent-commission-independent
dealer-deal with broker or another jobber.
2. Jobber:-professional speculator,profit called turn
3. Floor broker:-sell and buy shares for busy brokers-
commission
4. Taraniwalla:-jobber-auction-localised dealer-small
differences in prices.
5. Odd lot dealer:-
6. Budliwalla:-financier—contago-fee for credit facilities-
loan for 2 or 3 week-prevaling rate of interest
7. Arbitrageur:-deal with different stock exchanges at
same time-profit on price differences.
8. Security dealers:-sale and buy of govt securities.

27. Opening an account with dealer
1. Agreement:
• Broker Open an account in the name of investor in his
books
• Margin money as advance
• Opening an account with the broker is optional
• Broker ask for bank reference and 2 or 3 credit references
from the investor
• Enquires his customer weather he is interested in stability
of principal, dividend income, growth issues.
• Knowledge of type of securities the customer is seeking will
help the broker in knowing the customers requirements in
stock markets.
• After satisfying all requirements broker and investor come
to an agreement.
• The next step for the investor is to place an order on the
broker

28. 2. Order:
 Terms:
• Long– buy
• Short– sell
• Spot delivery– delivery and payment on the same day as the date of contract
• Hand delivery– delivery and payment with in the time of contract or not more
than 14 days
 Investor can have his own orders
• Orders are of two types:
 Market order – prevailing price in the market.
 Limit order– buy lower price and sell higher price.
 Limit orders are generally placed away from the market.
 Special orders– which may be used by the investors to protect their profits or
limit their losses.
• Stop order or stop loss order
• Stop limit order
• Day order
• Week order
• Month order
• Open order
• Kill orders

29. 3.settlement
• Trading in stock exchanges is carried out in two phases.
• 1st phase
 Order submitted by the clients takes place between brokers acting on behalf of the clients.
 Buy orders are matched with sell orders
 Trading is carried out in an anonymous environment.
 Orders are matched by computer system.
 Buyers handover the money and receive the security
 Seller handover the security and receive money
• 2nd phase
 Settlement is carried by separate agency known as clearing house
 Member brokers have to submit securities to the clearing house and receive cash from
clearing house incase of selling securities and vice versa.
 Compulsory rolling system mandated by SEBI—
 Trades executed on a particular day settled after a specified number of business days.
 Initially T+5
 Later T+3
 Currently T+2 settlement cycle
 On T+1 exchange generates delivery and receive order for transactions done by member
brokers
 Payments or receipts of monies by the member brokers is also prepared by the exchange.
 On T+2 paying instructions to the depositories for transfer of securities to clearing house in
case of DMAT securities.

30. SPECULATION
• Long term securities
• Short term securities
• Speculator
• High return with in a short span of time
• Price fluctuations
• Long buy
 Under priced securities
 Long position
 Not taking delivery
• Short sale
 over priced
 Short position
 High amount of risk
 Either profit or loss

31. Types of speculators
• Bull :
 expects rise in price
 Long position
 Good rumours about company
 Bull campaign
 Market is said to be in a bullish phase
• Bear:
 Expects a decline in price
 Short position
 Unfavorable rumours
 Bear raid
 Suffers losses
 Prices of securities rise
 The market is said to be bearish
• Lame duck:
 Lame duck is a bear who has made a sort sale but is unable to meet his commitment to deliver the
securities sold by him on account of rising prices
 Struggles like a lame duck
• Stag:
 Is a trader for shares in the new issue market just like a genuine investor
 Optimist like a bull and expects a rise in price
 Quote premium to share
 He is also called premium hunter
 Suffers loss if there is no price rise.

32. Margin trading
• Borrowing money from the bank or the broker
for purchasing securities is known as margin
trading.
• Part of the value is paid by investor
• Remaining is provided by the broker or the
banker.
• In margin trading the investor has to pay
interest on the money barrowed to finance a
security transaction.

33. depositories
• Equity shares, bonds, debentures– share certificates–
name of the holder– face value of the security
• Stock exchange clearing house
• Issuing company enters name in the certificate
• Securities are issued and transferred in D-Mat mode
• Depository
• Depository participants
• Investors has to open a D-Mat account
• Two depositories in India NSDL, CDSL
• SEBI made it compulsory for trades in almost all
securities to be settled in D-Mat mode
• Dematerialization:
• Rematerialization:

34. Stock market quotations and indices
• BSE—SENSEX , BSE100, BSE 500,MID CAP.
• NSE NIFTY, S&P CNX NIFTY, CNX NIFTY JUNIOR,
S&P CNX 500, CNX MIDCAP 200, S&P CNX
DEFTY