The proposal must be approved by the capital markets regulator and could be extended to derivatives contracts, said Ashishkumar Chauhan, managing director and chief executive, NSE.
“We have already started the consultation with broker members on how to increase trade timings at least in a more convenient way for office-goers in the evening," Chauhan said after reporting the first quarter earnings on Friday. “They (brokers) are considering that, so hopefully, when there is a conclusion, we will apply to Sebi (Securities and Exchange of Board of India) for their approval. And if their approval comes, we will be able to slowly expand the timing for some of the derivatives contracts at most."
Currently, the regular trade timing session on NSE and BSE runs from 9:15am through 3:30pm for stocks, following a pre-open session from 9am to 9:15am. Currency derivatives trading on the exchanges runs from 9am to 5pm, while commodity derivatives trading happens from 9am to 11:30pm and to 11:55pm (winters) as many commodities are mirror contracts of those traded on the US CME bourse.
Esta historia es de la edición July 31, 2023 de Mint Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 31, 2023 de Mint Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
India in economic sweet spot, inflation to moderate: Moody's
India's economy is in a sweet spot and its inflation is expected to moderate despite a temporary spurt, Moody's said, projecting optimism about the country's growth prospects despite recent underwhelming data.
Incentive engine to drive modern ships
Subsidies for green, high-tech ships under ₹18,000 cr policy
Cement firms wage war on costs as competition soars
India's cement makers who once flexed their pricing muscles are caught in a bruising price war, eroding margins at a time of rising demand.
Saudi Arabia doesn’t have enough money for its futuristic city
The giant futuristic planned city of Neom is proving a headache for Saudi Arabia. Costs are up, schedules are delayed, and in recent days the world’s largest construction project replaced its chief executive of six years.
EV adoption is a marathon, not a sprint: Audi India
The slowdown in electric vehicle (EV) sales is temporary, and the industry will grow over time, Audi India head Balbir Singh Dhillon said, pointing to the need for extensive charging networks and supportive government policies.
India's trade gap with China soars in Apr-Oct
The country's green transition increases reliance on Chinese imports
14 nations eye India's generic drug model
Countries will specify their requirements, with HLL and MEA coordinating with them for the pharma exports
India urges $1.3 tn annual climate grant
Intervening on behalf of like-minded developing countries (LMDCs), India said that developed countries need to commit to provide and mobilise at least $1.3 trillion every year in the New Collective Quantified Goal (NCQG) till 2030.
Over 600 mn cyberattacks daily, AI can secure devices
Microsoft is developing a password-free authentication process to eliminate the risk of breaches
Small businesses ramping up cybersecurity, thanks to AI
Rising AI adoption is helping cybersecurity providers hike their marketable base in India
