The Association of National Exchange Members of India (ANMI) reportedly approved the idea to expand index futures trading hours in principle earlier in February, according to a report.
The NSE suggested extending the hours for index F&O trading in a progressive way last year. It had previously stated that, in response to comments from numerous stakeholders, it intended to gradually expand the trading times for derivatives based on equity.
Together with usual trade hours of 9:15 a.m. to 3:30 p.m., the first phase would include nighttime sessions from 6 p.m. IST to 9 p.m. IST. Index trading for derivatives would be open till 11:30 PM during the second phase. The third phase will see the extension of currency market trade hours until 5 PM.
According to the CEO of the NSE, stock brokers do not appear to have provided SEBI with input about the extension of trading hours. Thus, the longer trading period has been scrapped for the time being.
