The National Stock Exchange (NSE) is set to revise the framework for its pre-open market session from Sept 7, bringing the order collection and price discovery process closer to the mechanism used during the Closing Auction Session. While the pre-open session will continue to operate from 9:00 am to 9:15 am, the exchange is changing the manner in which orders can be placed and matched during the 15-minute window. The revised framework is aimed at making the pre-open auction process more structured and strengthening the process of price discovery at the start of the trading day. What Is Changing In NSE Pre-Open Session? Under the revised framework, market and limit orders will be permitted only during the first five minutes of the pre-open session, from 9:00 am to 9:05 am. From 9:05 am to 9:10 am, only limit orders will be allowed. The order matching process and determination of the opening price will then take place between 9:10 am and 9:12 am. This represents a shift from th...
The Ahmednagar district in western Maharashtra will be renamed after Ahilyadevi Holkar, the legendary 18th century ruler of the Indore state, Chief Minister Eknath Shinde announced on Wednesday.
Mr Shinde was speaking at a function at Choundi in the district, the birthplace of Ahilyadevi (also known as Ahilya Bai), to mark her 298th birth anniversary.
Earlier, Deputy Chief Minister Devendra Fadnavis said at the function that he would request Chief Minister Shinde to rename Ahmednagar city as 'Ahilyanagar'.
"Our government works keeping in mind the ideal of governance set by Chhatrapati Shivaji Maharaj and Ahilyadevi Holkar. Therefore, as per the wish of all of you, we have decided to rename (the district) for Ahilyadevi Holkar," Mr Shinde said in his speech.
Mr Fadnavis said that had Ahilyadevi Holkar not been there, "there would not have been Kashi, temples of Lord Shiva." The ruling alliance of the BJP and Shinde-led Shiv Sena was a "Hindutva government," he added.
The Deputy Chief Minister also noted that before this, the Shinde government renamed Aurangabad as Chhatrapati Sambhajinagar and Osmanabad as Dharashiv.
The city of Ahmednagar, 120 km northeast of Pune, is said to have derived its name from the 15th century ruler Ahmad Nizam Shah
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