We understand this, not everyone can be on their screens during market hours. Life happens. Work, family, meetings… and by the time you sit down to check the markets, the trading day is already over….oooppss!!!
That’s exactly why we offer After Market Orders (AMO) on Upstox. It’s designed for every trader, who prefers to analyse the market at their own pace, without the rush. Once you’re ready, you can place an order just like you would during market hours—no restrictions, no extra steps. And unlike some platforms that limit AMOs, we give you the flexibility to choose between a market order or a limit order, whichever works best for you.
So, whether you’re a night owl reviewing the day’s trends or an early riser planning your next move, we’ve got you covered.
The features available with AMO:
Placing a Market and Limit Order:
When placing a market order, it will be executed immediately at the current market price. Conversely, a limit order allows you to set the maximum price you’re willing to pay or the minimum price you’re willing to accept. The limit order will only be executed if the market price reaches your specified limit price or better.
Order Modification and Cancellation:
The ability to modify or cancel an order is crucial for investors to navigate dynamic and volatile market conditions. Order modification may involve changes to the order type, the price, or the quantity of shares. Order cancellation, on the other hand, completely removes the order from the system before it is executed. These features provide flexibility and control, allowing investors to adapt their strategies and manage risk effectively.
Setting Stop Loss Limit Order during Order Entry:
When entering an order, setting a stop-loss limit order can help manage risk and protect investments. This type of order combines the features of a stop-loss order and a limit order. It is placed with a specified stop price and a limit price. If the stock’s price reaches or falls below the stop price, the order is triggered and becomes a limit order. The limit price ensures that the order will only execute at the specified price or better, preventing the investor from selling at a price significantly lower than desired in a rapidly declining market.
Benefits of AMOs
Trade anytime anywhere:
With AMO available to users now, users will be able to place orders at any time of the day and if traded after market hours the orders will automatically be treated as an AMO order.
News impacted trades:
After-market trading lets you jump on breaking news and events that could shake up stock prices. It’s a great way to stay proactive—but don’t forget, smart risk management is just as important as timing your moves!
When does an AMO work?
An AMO typically works post the market hours. The timings of after market orders as mentioned below:
Order Entry Timing
| Segment | Timing |
|---|---|
| Equity (NSE & BSE) | 4:05 PM to 12:00 AM and 5:00 AM to 8:58 AM |
| Futures & Options | 3:31 PM to 12:00 AM and 5:00 AM to 9:13 AM |
| Currency Segment | 5:01 PM to 12:00 AM and 5:00 AM to 8:58 AM |
| MCX Segment | 5:00 AM to 8:58 AM |
Execution of After-Market Orders
| Segment | Trigger Timing |
|---|---|
| Equity (NSE & BSE EQ) | 9:00 AM (Pre-Open) for eligible scrips, 9:15 AM for non-eligible scrips* |
| Futures & Options | 09:15 AM |
| Currency and Commodities | 09:00 AM |