During an analyst call, Ashishkumar Chauhan, the MD & CEO of NSE, expressed these views.
Ashishkumar Chauhan, the MD & CEO of the National Stock Exchange, stated that the Securities and Exchange Board of India (SEBI) has turned down the exchange’s request to extend trading hours.
In February, SMT reported that the proposal to extend trading hours for index futures had garnered initial approval from the Association of National Exchange Members of India (ANMI). Additionally, it was mentioned that the Brokers Industry Standards Forum (ISF) intends to formally communicate this to SEBI through a letter.
Trading Hours Extension Proposal by NSE on Hold as Regulator Awaits Broker Feedback:
In September last year, reports indicated that the market regulator was contemplating extending trading hours for the cash market following a proposal put forth by the National Stock Exchange (NSE). The proposal outlined a phased approach, with the first phase suggesting an extension of trading hours for index F&O from 6 PM to 9 PM. Subsequently, the second phase proposed extending index F&O trading until 11:30 PM, and finally, in the third phase, the plan aimed to extend cash market trading hours until 5 PM.
![NSE](https://smtfinmedia.com/wp-content/uploads/2024/05/images-37.jpeg)
The NSE CEO mentioned that stock brokers appear not to have provided the feedback sought by the regulator regarding the extension of trading hours. Therefore, at present, the extended trading timeframe has been put on hold.
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