NSE likely to defer the internal deadline for trading hour extension

Bourse was eyeing a March rollout

The National Stock Exchange (NSE) of India is likely to indefinitely defer the internal deadline set for extending trading hours, according to sources in the know.

The exchange aimed to introduce a three-hour evening session exclusively for index derivatives by March 2024, contingent upon regulatory clearance from the Securities and Exchange Board of India (Sebi).

Sources indicate that the market regulator has not provided a favourable indication, dimming optimism surrounding the proposal.

Allowing longer trading hours would enhance the profitability and volumes of the country’s top bourse, solidifying its position as the world’s largest bourse in terms of traded derivatives