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...
On August 26, Rocking Star Yash's magnum opus Toxic: A Fairy Tale for Grown-Ups is set to release worldwide in more than 12,000 screens reportedly. The movie, which was initially meant to release in March along with Dhurandhar 2 , was pushed to June and finally August due to various factors. Interestingly though August 26 is mid-week and it begs the question why the producers have decided to release on Wednesday instead of the usual Friday release. In recent years in Indian - and particularly south cinema - there has been a noticeable shift in the release day of films. While the Friday release was the highly expected moment for the audience that saw a lot of celebration and fanfare, big south films have now slowly started to see releases shift to a Thursday and even a Wednesday. Earlier producers capitalised on the three-day weekend (Friday, Saturday, Sunday) to recover their costs but now they have reworked their release strategy for numerous reasons. The foremost one is that ...