SEBI rejects NSE's proposal for extending trading hours

7 May 2024 , 03:28 PM

National Stock Exchange MD and CEO Ashishkumar Chauhan disclosed in an analyst call on Monday that the Securities and Exchange Board of India (SEBI) has rejected NSE’s proposal to extend trading hours.

The rejection was attributed to a lack of consensus among the broker community, as stated by Chauhan. Consequently, the plan to extend trading time is currently on hold.

In February, the Association of National Exchanges Members of India (ANMI) expressed conditional support for extending trading hours for index derivatives, pending resolution of operational challenges.

SEBI noted divergent opinions within the broking community and emphasized the importance of downtime and maintenance between trading sessions. NSE initially proposed extending trading hours for index F&O from 6 p.m. to 9 p.m., with plans for further extension to 11:30 p.m.

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