NSE circular 125/2026 · 04 Sept 2026
Official title
Mock trading on Saturday, September 05, 2026 - Go Live of modification in the pre-open call auction framework and changes in the norms for Base Price, Price Bands, Call Auction in pre-open session for Exchange Traded Fund (ETF's) - New version of NEAT+ 7.9.0
Official record
Open source pageSummary
Check the official recordThe National Stock Exchange conducts a mock trading session in the Capital Market segment on September 05, 2026. This session supports the implementation of modifications to the pre-open call auction framework and new norms for Exchange Traded Funds. Members must use the new NEAT+ version 7.9.0 for this session. Members must download and load the updated master files from the extranet before the mock session. The Exchange will discontinue the existing NEAT+ version 7.8.9 on October 10, 2026. Members must participate in all trading sessions to ensure connectivity for live trading on September 07, 2026. Trades during the mock session do not create financial obligations.
What you must do
| Download Ref No: NSE/CMTR/76187 | Date: September 04, 2026 |
|---|---|
| Circular Ref. No: 125/2026 |
All Members,
Mock trading on Saturday, September 05, 2026 – Go Live of modification in the pre-open call auction framework and changes in the norms for Base Price, Price Bands, Call Auction in pre-open session for exchange traded fund (ETF’s) - New version of NEAT+ 7.9.0
Members are required to note that the below changes shall be effective in LIVE from September 05, 2026. Following circulars were issued by Exchange:
| Particulars | Reference number & date | Subject |
|---|---|---|
| Circulars | NSE/CMTR/74969 dated July 01, 2026 | Modification in the pre-open call auction framework |
| Circulars | NSE/CMTR/76041 dated August 28, 2026 | Norms for Base Price, Price Bands, Call Auction in pre-open session and Close-out procedure for ETF |
| Circulars | NSE/CMTR/76101 dated September 01, 2026 | Trading in Exchange Traded Funds (ETFs) – Update in trading parameters |
| FAQ path | https://www.nseindia.com/static/trade/continuous-markets-FAQs > Pre-open session in Capital Market (CM) segment |
In continuation to circular (Download No. 71999) dated December 24, 2025, Exchange shall be conducting a mock trading session in the Capital Market segment on Saturday, September 05, 2026. In alignment with above changes, Exchange shall introduce a new NEATPlus version (7.9.0). It is recommended that members must use NEATPlus version 7.9.0 from September 05, 2026 for revised pre-open call auction framework.
| Mock Date: September 05, 2026 | |
|---|---|
| Particulars | Time in Hrs |
| Trading Session-1 from Primary site | |
| Morning Block Deal Window Session-1 open time | 08:30 |
| Morning Block Deal Window Session-1 close time | 08:45 |
| Pre-Open open time | 08:45 |
| Pre-Open Market order restriction start time | 09:15 |
| Pre-Open* close time | |
| * Random closure in last two minute | 09:45* |
| Special Preopen Session open time (For IPO & Relisted security) | 08:45 |
| Special Preopen Session** close time (For IPO & Relisted security) | |
| ** Random closure in last ten minute | 09:30 |
| Normal Market open time | 09:50 |
| T+0 Market Open time | 09:50 |
| Call Auction Illiquid session open time (2 sessions of 30 min each)* | |
| * Random closure in last one minute | 10:00 |
| T+0 Market Close time | 11:00 |
| T+0 Market Trade modification end time | 11:10 |
| Normal market open time for stocks in special preopen session | 10:00 |
| Auction Market Open Time | 10:00 |
| Auction Market Close Time | 10:45 |
| Block Deal Window Session – 2 Open time | 10:15 |
| Block Deal Window Session – 2 Close time | 10:30 |
| Contingency Start time | 10:30 |
| Contingency End time | 11:30 |
| Normal Market close time | 11:30 |
| Mock Date: September 05, 2026 | |
|---|---|
| Particulars | Time in Hrs |
| Trading Session-2 from DR Site | |
| Pre-Open open time | 12:15 |
| Pre-Open Market order restriction start time | 12:20 |
| Pre-Open* close time | |
| * Random closure in last two minute | 12:25* |
| Normal Market open time | 12:30 |
| Call Auction Illiquid session open time (1 session of 30 min)* | |
| * Random closure in last one minute | 12:45 |
| Normal Market close time for CAS securities. | 13:15 |
| CAS Open time | 13:20 |
| CAS Market order restriction start time | 13:25 |
| CAS close time * | |
| * Random closure in last two minute | 13:30 |
| Normal Market close time | 13:30 |
| Closing Session open time | 13:50 |
| Closing Session close time | 14:00 |
| Trade modification end time | 14:05 |
| Mock Date: September 05, 2026 | |
|---|---|
| Particulars | Time in Hrs |
| Trading Session-3 from Primary site | |
| Block Deal Window Session open time | 15:15 |
| Block Deal Window Session close time | 15:30 |
| Pre-Open open time | 15:30 |
| Pre-Open Market order restriction start time | 15:35 |
| Pre-Open* close time | |
| * Random closure in last two minute | 15:40 |
| Normal Market open time | 15:45 |
| Call Auction Illiquid session open time (1 session of 30 min)* | |
| * Random closure in last one minute | 16:00 |
| T+0 Market Open time | 15:45 |
| T+0 Market Close time | 16:15 |
| T+0 Market Trade modification end time | 16:20 |
| Auction Market Open Time | 16:00 |
| Auction Market Close Time | 16:35 |
| Normal Market close time for CAS securities | 16:45 |
| CAS Open time | 16:50 |
| CAS Market order restriction start time | 16:55 |
| CAS close time * | |
| * Random closure in last two minute | 17:00 |
| Normal Market close time | 17:00 |
| Closing Session open time | 17:10 |
| Closing Session close time | 17:20 |
| Trade Modification end time | 17:30 |
| Re-login Timings | |
| Live Re-login start time | 19:30 |
| Live Re-login close time | 20:00 |
#Trades from trading session 1 & 2 shall not be available in trading session 3. However, Trades from trading session 1 shall be available in trading session 2. Members are requested to actively participate in all trading sessions.
Members are advised to take note of the below important instructions:
| Version | Availability | Download path on NSE Extranet path |
|---|---|---|
| NEAT+ 7.9.0 | On September 04, 2026, 18:00 hours | /cmftp/common/NEATPlus790 |
| Version | Download path on NSE Extranet path | Discontinuation date |
|---|---|---|
| 7.8.9 | /cmftp/common/NEATPlus789 | October 10, 2026 (mock) |
| File name | Location | File availability |
|---|---|---|
| security.gz | /cmftp/common/ntneat | On September 05, 2026 by 06:00 hours |
| participant.gz | /cmftp/common/ntneat | On September 05, 2026 by 06:00 hours |
| nnf_security.gz | /cmftp/common/ntneat | On September 05, 2026 by 06:00 hours |
| nnf_participant.gz | /cmftp/common/ntneat | On September 05, 2026 by 06:00 hours |
| NSE_CM_security_04092026.csv.gz | /cmftp/common/ntneat | On September 05, 2026 by 06:00 hours |
| cm_contract_stream_info.csv | /cmftp/common/tbt_masters | On September 05, 2026 by 06:00 hours |
Members are advised to load the above master files in the trading application before Mock trading session on September 05, 2026.
For other important instructions regarding the mock trading, kindly refer to the following Annexures: Annexure 1: Important instructions regarding mock trading session. Annexure 2: Pre-requisites / General guidelines for participating in the Mock environment. Annexure 3: Important guidelines in case of switchover of trading system to Disaster Recovery (DR) Site. Annexure 4: Update on NEATPlus : Dissemination of Indicative Open price of Indices.
For and on behalf of National Stock Exchange of India Limited
Khushal Shah Associate Vice President
| Toll Free No | Email id |
|---|---|
| 1800-266-0050 (Option 1) | msm@nse.co.in |
| Particulars | Details |
|---|---|
| Connectivity Parameters: | Refer to circular NSE/MSD/73993 dated April 30, 2026 & NSE/MSD/74511 dated June 02, 2026 for interactive connectivity details. |
| Installation Guide: | Available on NSE Extranet at /common/InstallationProcedure |
| Software Version: | NEAT+ 7.9.0 & 7.8.9 |
| Order Purge: | All outstanding orders will be cleared before each session. Members using NNF software must manually clear orders in their systems. |
| Software Testing: | Refer to circular NSE/MSD/46441 and SEBI circular SEBI/HO/MRD1/DSAP/CIR/P/2020/234. Members may use either Mock Trading or Simulated Environment to meet regulatory requirements. |
| No Financial Obligation: | Trades during mock sessions will not result in any fund pay-in or pay-out. |
| UCC/PAN Validity: | Only valid and compliant UCC/PAN uploaded and approved before cutoff will be allowed. For queries, contact uci@nse.co.in. |
| UCC Validation will be skipped during contingency time for order entry. | |
| NOTIS Availability: | The NOTIS application will be accessible during the mock session. |
| Participation: | Members should participate using all trading software and re-login into live environment to ensure smooth connectivity for Monday September 07, 2026. |
| Live Updates: | Visit www.nseindia.com for any session-related updates. |
| Support: | For queries, call Toll-Free: 1800 266 0050 (Option 1). |
Key dates
Who is affected
If you do not comply