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Tuesday, 4 March 2008

Change in BSE, NSE trading timings from 04 - 03 - 08

Trading timings of the Bombay Stock Exchange and the National Stock Exchange will be revised from Tuesday till March 18, as the sun's position may disrupt connectivity, causing difficulties in receiving data via satellites.

There would be sun outage from March 4 to 18 between 11.45 am to 12.25 pm, during which traders and investors may face loss of connectivity.

Trading on the bourses would start at 9.55 am and close at 4.15 pm local time owing to the sun outage, the exchanges said. The two exchanges would stop trading between 11.45 am and 12.25 pm and resume trading from 12.30 pm, a stock exchange circular said.

A sun outage is a distortion of geostationary satellite signals caused by interference from solar radiation. Generally, sun outages occur during February, March, September and October. The effects of a sun outage can include partial degradation, an increase in the error rate, or total destruction of the signal.

Both the BSE and NSE use VSATs (Very Small Aperture Terminal) for members to connect to their trading systems. Both the bourses get affected by sun outage as VSATs depend upon satellites for connectivity between the terminals or systems.

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