look news india
SEBI rules out F&O trading hours: Market regulator Securities and Exchange Board of India (SEBI) has rejected NSE's proposal to extend futures and options trading hours. Due to lack of consensus among the broking community, SEBI has rejected NSE's proposal to extend market trading hours in the derivatives segment.
NSE proposal
NSE's proposal proposes to extend the trading timings of the first phase of the F&O index to 9 pm instead of 6 pm. Giving the rationale behind the extension of trading hours, NSE said it would help market participants understand the impact and flow of global news coming in the evening. It was recommended to extend the second phase of trading till 11.30 pm. Also appealed to extend the timing of cash market trading till 5 pm.
The broker community disagreed
Presenting NSE's fourth quarter results, NSE CEO and MD Ashish Kumar Chauhan said at CONCOL that the broking community has not agreed on extending trading hours due to high costs and technical requirements. Therefore SEBI has rejected this proposal.
what does the broker say
Dheeraj Aggarwal, MD of Ambit Investment Managers, says that he does not approve of increasing the trading hours. Because, it is already more. And it will become difficult for traders and investors to operate with excessive trading hours. Earlier, the Association of National Exchange Members of India had approved the scheme.