How would my limits be blocked for market orders for Pre-open enabled scrips ?
As per existing process, limits would be blocked only in case of Buy orders. Similarly, in case of pre-open enabled scrips if Buy market orders are placed during overnight or pre-open timings then the closing price would be considered for computation of limits to be blocked and the amount to be blocked would be considered at 120% of the closing price i.e. Additional 20% of closing price would be blocked for market orders in pre-open session as per the Price Band specified by exchange for pre-open scrips. The additional limits blocked, if any, would be released at the end of pre-open session based on execution price or discovery price used for converting market order to limit if your mrket order remains unexecuted in the pre-open session. The blocking of 120% of closing price is applicable only upto pre-open session i.e. till 9.08 a.m. Thereafter, the existing process of blocking 100% of Last Traded price for market orders during normal trading (i.e. From 9.15 a.m. onwards) would contin
