SEBI Rejects NSE Proposal for Extended Trading Hours 

SEBI rejected NSE's plan to extend derivatives trading hours from 3:30 pm to 9 pm, aiming for better global market reaction post-Indian hours.
SEBI Rejects NSE Proposal for Extended Trading Hours

The National Stock Exchange’s (NSE) proposal to extend trading hours in the derivatives segment was not approved by the Securities and Exchange Board of India (SEBI). The NSE had proposed an extension from the current closing time of 3:30 pm to 9 pm initially, potentially extending further to 11:30 pm, and ultimately aiming to prolong cash market trading until 5 pm. This initiative was designed to enhance the market participants’ ability to react to global market movements after Indian market hours.

Invest in Trade Intraday, Equity, Currency at Rs.15 Brokerage only in Alice Blue

Despite the strategic intent behind the proposal, it faced significant opposition from the broking community due to concerns about the additional operational costs and technological demands that extended hours would entail. As a consequence, SEBI returned the proposal to the NSE, citing a lack of broad consensus among stakeholders, which halted any changes to the current trading hours.

In contrast to this setback, the NSE demonstrated robust financial health in the fiscal year ending March 2024. The exchange reported a 20% increase in net profit and a 25% growth in revenue, underlining a strong market performance. Additionally, the NSE announced its plans to issue four bonus shares for every share held and declared a substantial dividend, reinforcing its commitment to delivering shareholder value.

The decision to maintain existing trading hours aligns with balancing market dynamics with the practical capabilities and readiness of the broker community, ensuring stability and continuity in market operations.

Read More News

Ztech India IPO : 29 मई को खुलेगा इश्यू, यहां जानिए GMP, प्राइस बैंड, IPO से जुड़ी पूरी डिटेल!

Ztech India IPO में ₹65 का ग्रे मार्केट प्रीमियम है, जिसकी कीमत ₹104 से ₹110 प्रति शेयर के बीच है। 1200 शेयर लॉट की पेशकश, सदस्यता 29 मई से 31 मई, 2024 तक खुली रहेगी।

Awfis Space IPO अलॉटमेंट, सब्सक्रिप्शन, GMP और अधिक जानने के लिए यहाँ देखें!

Awfis Space IPO : अलॉटमेंट, सब्सक्रिप्शन, GMP और अधिक जानने के लिए यहाँ देखें!

Awfis Space Solutions IPO आवंटन 28 मई, 2024 के लिए निर्धारित है, जिसमें प्रत्येक शेयर की कीमत ₹364 से ₹383 होगी। यह पेशकश 39 शेयरों या उसके गुणकों के लॉट के लिए बोली लगाने की अनुमति देती है।