NSE mulls extending trade timings of regular market: Report

The National Stock Exchange is considering to extend the trade timings of regular market after consulting with its broker members, reported Mint. Currently the markets are open for 6 hours and 15 minutes.

Chief Executive and Managing Director of NSE Ashishkumar Chauhan has told Mint that Capital Market Regulator SEBI will have to approve the proposal following which it could be applied to derivatives contracts. He also said that the extension in trade timings would make trading convenient for office-goers.

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“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", Ashishkumar Chauhan told Mint.

Currently the regular trade timing session on NSE and BSE is from 9.15am to 3.30 PM and the pre-open session runs for 15 minutes from 9am to 9.15am.