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NSE weighs extending trade timings gradually
Mint Mumbai
|July 31, 2023
National Stock Exchange (NSE) of India Ltd is considering gradually extending trade timings, currently set at 6 hours and 15 minutes of the regular market, in consultation with its broker members, a top official of India’s largest stock exchange said.
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."
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