This error 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.
Place orders during regular market hours instead. To know the market timings, see What are the market timings?