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.
This story is from the July 31, 2023 edition of Mint Mumbai.
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This story is from the July 31, 2023 edition of Mint Mumbai.
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