Can I buy stock when the market is closed?
- Asked By
- Updated On:07-Mar-2021
- Replies:3
Short Answer
No, it is not possible to purchase any stock when the market is close. Although, you can still place an order even when the market is close.
Detailed Answer
Many first-time investors have one common question in their mind and that is if they can buy a stock when the market is closed. The answer to this question is technically a "No". Even though one can not buy a stock when the market is closed but you can still place an order. So here we are going to know more about it.
Is it possible to buy a stock after the market is closed?
Technically, no you cannot buy a stock when the market is closed. However, there is a process known as After Market Order or simply known as AMO, where an order for buying a stock can be placed even after the marker is closed.
In India, the working hours of BSE and NSE are from 9:15 AM to 3:30 PM. You can even buy stocks if you place your order between 3:40 PM to 4:00 PM. Here you can buy stocks at the closing price. This time is preferred by many traders who wish to avoid the volatile trading market during the main working hours.
After this time, one cannot buy a stock buy can place an order and stocks will be added to your portfolio on the next opening hour. However, it is not really preferred by many investors as you never know that price will go high or fall in the next opening hour.
Conclusion
So we hope now you got your question answered and that is if you can buy stocks when the market is closed or not? Anyone can place an order when the market is closed, which allows you to trade the moment the market opens at the first possible rate. One can also set a normal order for a definite price. If you have any other queries then feel free to comment down below the same.
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Discussion (2)
Yes, you can. Place an AMO and it would be executed as soon as the market would open the very next day.
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Harshil Patel
Yes, you can. Place an AMO and it would be executed as soon as the market would open the very next day.