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...
Congress president Mallikarjun Kharge on Wednesday said "forcing" Jharkhand Chief Minister Hemant Soren to resign after putting the Enforcement Directorate against him is "a blow to federalism". Soren resigned as chief minister Wednesday evening after over seven hours of questioning by the ED on money laundering charges linked to alleged land fraud. Thereafter, he was arrested by the agency. In a post in Hindi on X, Congress chief Kharge said, "The one who did not go with (Narendra) Modi ji will go to jail. Putting ED against Jharkhand Chief Minister Hemant Soren and forcing him to resign is a blow to federalism." Intimidating opposition leaders by making the provisions of the Prevention of Money Laundering Act (PMLA) draconian is part of the BJP's toolkit, he alleged. जो मोदी जी के साथ नहीं गया, वो जेल जाएगा। झारखंड के मुख्यमंत्री, श्री हेमंत सोरेन पर ED लगाकर उनका त्यागपत्र देने को मजबूर करना Federalism की धज्जियाँ उड़ाना है। PMLA के प्रावधान...