The National Stock Exchange (NSE) is looking to increase trading hours in the equity derivatives segment in a phased manner, a move that is likely to reduce overnight risk arising from global information flows. A senior official said on Monday, September 25. NSE Chief Business Development Officer Sri Ramakrishnan said the bourse is planning to hold a session from 6 pm to 9 pm after the regular session closing break from 9.15 am to 3.30 pm. PTI.
Furthermore, the effect of transactions in the evening session will be carried over into the trading session of the next business day. Based on the response, a gradual extension of market hours till 11.55 pm — on the lines of commodity derivatives — will be considered, he added. To begin with, only index derivatives will be available in Phase 1 followed by single stock options and others.
Additionally, NSE has submitted its proposal to market regulator Securities and Exchange Board of India (Sebi) for its approval.
“We hope to get approval from Sebi on our proposal soon,” Krishnan said. Once the exchange gets the clearance, all stakeholders will have to make preparations such as process re-engineering, streamlining of various timelines, etc. before the extension of trading hours in the futures and options (F&O) segment.