Share Market Trading hours will not increase! Capital markets regulator SEBI has rejected the National Stock Exchange’s (NSE) proposal to extend trading hours in the equity derivatives segment, citing lack of adequate response from stock brokers. NSE Managing Director and Chief Executive Officer (CEO) Ashish Kumar Chauhan gave this information in a discussion with analysts on the results. He said that at present there is no plan to extend the trading hours as SEBI has returned our application.
The plan was to start a new slot
SEBI did not get the response it wanted from stock brokers. Therefore, the extended time plan has been postponed for now. NSE had requested the Securities and Exchange Board of India (SEBI) to extend trading hours in the equity derivatives segment in a phased manner. The objective behind this was to reduce the risks arising overnight from global information flow. NSE Chief Business Development Officer Sriram Krishnan had said in September that the exchange was planning another session from 6 pm to 9 pm after the end of the regular trading session.
There was a proposal to extend it till 11 pm
Based on the response received, there was a proposal to gradually extend the trading timings till 11.55 pm. The market regulator had in 2018 allowed stock exchanges to set their trading hours in the equity derivatives segment between 9 am and 11.50 pm. This was similar to the trading hours of the commodity derivatives segment, which are currently scheduled between 10 am and 11.55 pm.
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