market is closed at 3.30 PM ...right ? No order can be placed after that ...correct ?
I am asking this because you know I see rates fluctuates even after 3.30 PM in moneycontrol website ....I'm not sure whether one can place order even during 3.30 PM to 3.40 PM
There is a post closing session which starts at 3.40 PM and ends at 4 PM both on NSE & BSE
only for the cash market segment.
Buy & Sell orders can be placed at only the closing rates(VWAP, not the last traded price). Orders will be executed if there are sufficient buyers for the sell order quantity and vice versa.
For eg. RELIANCE closing price on NSE on 18 Jan was 900.20. You can place a normal limit buy or sell order at 900.20 and not at any other price at 3.40 PM. If there is a sell order for 10 shares of RELIANCE @ 900.20 it will get executed only if there is a matching buyer for that quantity or more. Similarly opposite for a buy order. Order will get automatically cancelled at 4 PM if not executed.
In NEST while placing the order you should not fill the price in the order window, just put a zero and your order will be accepted. Your order will get rejected even if you type the closing price of the particular scrip.
The rate fluctuations after 3.30 are the VWAP(volume weighted average price) being settled which will be different from the last traded price @ 3.30PM.
