What does the error “TRANSACTION NOT ALLOWED IN CURRENT STATE” mean?

The error "TRANSACTION NOT ALLOWED IN CURRENT STATE"  occurs for equity orders placed in the following cases:

  • If an order is placed between 9:07 AM and 9:08 AM after the order collection period is over.
  • If an order is placed or cancelled between 3:30 PM to 3:40 PM.
  • If the stock is not allowed to trade in the pre-open session and orders are placed for it during the order collection period , i.e., 9:00 AM to 9:08 AM.
  • f the stock is trading under period call auction and order is placed during the order matching or Buffer period

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