Demerger of Reliance Strategic Investments leads to a special pre-open session for Reliance Industries Ltd (RIL).

The session starts at 9 am and lasts for 60 minutes, allowing orders for RIL to be entered, modified, or canceled within the first 45 minutes.

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The order matching period follows, determining the opening price based on an equilibrium price.

Eligible buy and sell limit orders are matched during the order matching period.

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Order modification, cancellation, trade modification, and trade cancellation are not allowed during the matching period.

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A buffer period of five minutes allows for a smooth transition from the special pre-open session to regular trading.

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The session aims to find the value of RIL (excluding financials) and impacts the addition of Jio Financial Services (JFS) to Nifty.

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JFS will be added to Nifty at a constant price derived from the difference between RIL's closing price and the special pre-open session price.

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JFS will be listed on stock exchanges in the next 2-3 months at an estimated price range of Rs 150-Rs 190 per share.

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