NSE/BSE will start pre-market call Auctions for 15 mins from 18 Oct 2010 to find the fair value of Index, in line with the many International Markets ,l ike NSE, Nasdaq LSE etc. The Time will be 9.00-9.15 AM. Investors will be able to place BUY and SELL orders for Nifty & Sensex Stocks/Indices for a period of 7 Mins (9.00-9.07am).During this 7 min, no Trade will be executed. T he Exchange will discover “Indicative Price” for these Stocks and Indicative Index Levels.
The Exchange will halt order taking between 9.07-9.08 to check any market manipulation. At 9.12AM orders will be matched and opening price for Stocks /Index will be discovers. The opening price will be the Price at which maximum amount of shares can be Traded and Normal Trading will starts at 9.15 AM on NSE/BSE.
