STOCK Market Time Change Due to Sun outage

NATIONAL STOCK EXCHANGE INFORMED ABOUT MARKET TIME CHANGE DUE TO SUN OUTAGE From September 24, 2008 to October 8, 2008 between 1125 hrs and 1205 hrs. The Detailed circular as follows from Nse official website.


NATIONAL STOCK EXCHANGE OF INDIA LIMITED (NSE)

CURRENCY DERIVATIVES SEGMENT

CIRCULAR





Circular No.NSE/CD/008/2008 September 2, 2008

Download No: NSE/CD/11229



Dear Members,



Change in market timing & September 2008 contract expiry time due to Sun Outage



Indian Space Research Organization (ISRO), has informed the Exchange that there will be SUN OUTAGE from September 24, 2008 to October 8, 2008 between 1125 hrs and 1205 hrs. Some members may face loss of connectivity during this period, due to Sun outage. Accordingly the market timings of the Currency Derivatives segment are being modified as follows:



Normal Market / Exercise Market Open time : 0900 hrs.

Normal Market close time due to sun outage : 1125 hrs to 1205 hrs.

Pre Open time after sun outage : 1205 hrs to 1210 hrs

Normal Market re-open time after sun outage: 1210 hrs.

Normal Market close time : 1700 hrs.

Position Limit/Collateral value Set up cut off time : till 1730 hrs.

Trade modification end time : till 1730 hrs.





Members are informed that during the above period viz. 1125 hrs to 1205 hrs:

Trading shall remain suspended.
The facilities of Position Limits / Collateral Value set up and Trade Modification may not be available.
Members are advised to remain logged on and NOT logoff from the Trader Work Station during this period.


Members are advised to note that during pre-open phase, they will not be permitted to place any new orders or modify existing orders. However, they will be allowed to cancel any of the existing orders.



In view of the above, the USDINR futures contract expiring on September 25, 2008 shall expire at 1120 hrs instead of 1200 hrs on September 25, 2008.

Consequently, the new contract USDINR futures expiring on September 28, 2009 shall be made available for trading from 1210 hrs on September 25, 2008.



The change in market timings shall be effective from September 24, 2008 to October 8, 2008.



For any clarifications, members are advised to contact the following officials:

Mr Altaf Shaikh, Mr Vikramaditya and Mr Arvind Goyal at 26598131 and 26598164





For and on behalf of

National Stock Exchange of India Limited



Suprabhat Lala

Asst. Vice President