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What's changing from today (Aug 3):
Indian stock market's closing time calculation method is changing.
Old system: Closing price = average price traded between 3:00–3:30 PM (VWAP)
New system (for F&O stocks):
1] 9:15 AM – 3:15 PM → normal trading, same as always
2] 3:15 – 3:20 PM → complete halt, no trading at all (5 min gap)
3] 3:20 – 3:25 PM → you can place/change orders freely
4] 3:25 – 3:28 PM → only limit orders, no changes allowed
5] 3:28 – 3:30 PM → random moment, market closes (to stop people gaming the system) — final closing price decided here
6] 3:30 – 3:40 PM → normal trading resumes
Key points to know:
1] Stop-loss orders won't work during the 3:20–3:30 closing window — a real risk if you hold positions
2] Risk: if few sellers are active, a large buyer could push price up artificially in that window
— similar to a recent Sensex expiry where price jumped suddenly near close
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SensexOption premium trade
Sensex 590 to 666
Finally captured 75 points in such sideways market