When are Pre-Market and Post-Market sessions, and how do I place orders in FYERS?

What are pre-market and post-market sessions, and how can I place orders during these times?

Pre-market and post-market sessions allow you to place eligible equity orders outside regular continuous trading hours. These sessions follow exchange-defined timings for order entry, price discovery, order matching, and post-close trading.

Pre-market session

The pre-market session for equities runs from 9:00 AM to 9:15 AM. During this session, the exchanges collect orders and determine the opening price of eligible securities before regular trading begins at 9:15 AM.

The session works as follows:

TimeWhat happens
9:00 AM to 9:05 AMYou can place Market and Limit Orders.
9:05 AM to 9:10 AMOnly Limit Orders can be placed, modified, or cancelled. Market Orders cannot be modified or cancelled.
Between 9:08 AM and 9:10 AMOrder entry closes at a system-driven random time.
9:10 AM to 9:12 AMThe exchange matches buy and sell orders and determines the opening price.
9:12 AM to 9:15 AMThe market transitions from the pre-open session to regular trading.
From 9:15 AMRegular market trading begins.
Note: Stop-loss, Iceberg, and Disclosed Quantity Orders are not accepted during the pre-open auction session.

Market close and Closing Auction Session

The closing process depends on whether a stock is eligible for the Closing Auction Session (CAS).

CAS-eligible stocks

CAS initially applies to stocks in the Equity Cash segment on which derivative contracts are available.

For these stocks, regular continuous trading ends at 3:15 PM, after which the closing auction process begins.

TimeWhat happens
3:00 PM to 3:15 PMRegular trading continues. The VWAP during this period is used as the starting reference price for the closing auction.
3:15 PM to 3:20 PMThe market transitions to the closing auction. Orders cannot be placed, modified, or cancelled.
3:20 PM to 3:25 PMMarket and Limit Orders can be placed, modified, or cancelled.
3:25 PM to 3:30 PMOnly Limit Orders can be placed, modified, or cancelled. Market Orders cannot be modified or cancelled.
Between 3:28 PM and 3:30 PMOrder entry closes at a random time.
3:30 PM to 3:35 PMThe exchange matches buy and sell orders at a single matching price, which becomes the official closing price.

Stocks not eligible for CAS

Stocks that are not covered under the Closing Auction Session continue regular trading until 3:30 PM.

F&O market during the closing auction

The derivatives segment continues trading until 3:40 PM.

This means the Equity Cash market for CAS-eligible stocks follows the closing auction process after 3:15 PM, while Futures and Options continue trading according to their applicable market timings.

Post-market session

The post-close session in the Equity Cash segment runs from 3:50 PM to 4:00 PM.

This session takes place after the closing-price determination process and provides an additional exchange-defined window for eligible equity orders at the closing price.

Placing or scheduling orders on FYERS

You can place eligible orders through the regular order window during the applicable market session. If the applicable trading session is not active, FYERS may provide an option to schedule the order for an available session.

The navigation differs across FYERS platforms.

FYERS App

  1. Search for and select the stock you want to trade.
  2. Tap Buy or Sell.
  3. Enter the required order details.
  4. Tap Schedule when you want to place the order for an available upcoming session.
  5. Select the applicable time or session displayed on the scheduling screen.
  6. Review the order and tap Schedule to confirm.

FYERS Web

  1. Search for and select the stock you want to trade.
  2. Click Buy or Sell to open the order window.
  3. Enter the required order details, such as quantity and order type.
  4. If the applicable market session is not currently active, select the available scheduling option in the order window.
  5. Review the order details and place the order.

FYERS Trader

  1. Open the required stock and select Buy or Sell.
  2. Enter the required details in the order window.
  3. If the market is closed, use the scheduling option available in the order window.
  4. Select the applicable session or time and submit the order.
  5. A confirmation is displayed once the order has been scheduled successfully.

Warning: Available order types and actions depend on the market phase. Check the applicable session timing before placing, modifying, or cancelling an order.

What If...

ScenarioSolution
Market Order after 9:05 AMOnly Limit Orders can be placed during this phase. Market Orders cannot be modified or cancelled.
Order-entry window closesOrders can no longer be placed, modified, or cancelled for that phase.
Open Limit Order in a CAS stockEligible unexecuted Limit Orders within the permitted price range are carried forward to CAS. Others are cancelled.
Stop-loss or Iceberg Order in CASThese orders are not accepted or carried forward into the closing auction.
No matching price during CASThe starting reference price becomes the stock's official closing price.
Stock is not eligible for CASRegular trading continues until 3:30 PM.