look news india
This Saturday i.e. on 18th May, special live trading is going to happen in the stock exchanges – National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The objective of this initiative is to assess preparedness to deal with any major disruption or failure scenario. During special live trading sessions, the Disaster Recovery (DR) site will be used in place of the Primary Site (PR). A 'disaster recovery site' is used to recover technology infrastructure and operations in the event the primary data center becomes unavailable during a disaster.
How long will the trading last?
Both the stock exchanges have said in separate circulars that two sessions will be held. The first session will be conducted from 9.15 am to 10 pm at the primary site and the second from 11.30 am to 12.30 noon. Earlier, NSE and BSE had held a similar trading session on March 2. These sessions are conducted on the basis of discussions with market regulator SEBI and their Technical Advisory Committee.
Its objective is to assess the preparedness of the stock exchange infrastructure institutions to deal with any unexpected event that may impact their operations, so that operations can be restored through the disaster recovery site within the stipulated time. Let us tell you that 'DR Site' is generally used to ensure business continuity in the event of a major problem or failure at the primary site.
stock market situation
There was a bullish atmosphere in the stock market on the last trading day of the week i.e. Friday. BSE Sensex was up 253.31 points at 73,917.03 and NSE Nifty was up 62.25 points at 22,466.10.