Bourses push Sebi to allow longer F&O hours amid Gift Nifty launch

Move comes amid threat that global investors would shift trading to Gift City to avail tax benefits

Khushboo TiwariSamie Modak Mumbai

Listen to This Article

Close on heels of the launch of Gift Nifty (earlier SGX Nifty), domestic exchanges are pushing for extension of trading hours for the onshore derivatives market, said sources.
Bourses are waiting for a final approval from market regulator Sebi on the proposal to keep the derivatives market open for longer hours, they said. The move is aimed at attracting more trading members for onshore futures and options (F&O) contracts amid risk that global investors could prefer trading at Gift City given the tax benefits.
“Keeping the derivatives market open for longer will help domestic investors hedge their risk better and react to global developments faster. With SGX Nifty trading now getting routed through Gift City IFSC, there is a solid case for keeping the derivatives market open for longer to maintain the attractiveness of the onshore markets,” said an official.

Also Read

Reserve Bank of India, IFSCA likely to frame fresh norms for GIFT City

Several initial hiccups at GIFT City are behind us, says Injeti Srinivas

Alchemy India Long Term Fund relocates from Mauritius to Gift City IFSC

Sebi suspends trading of agri commodity derivatives for 1 more year

City Union Bank shares crash 13.5% after Q3 earnings dip on quarterly basis

Mahindra & Mahindra sells entire stake in Mahindra CIE at Rs 447.6 a share

Dixon, CGCEL: Consumer durable shares gain up to 9% in a range-bound market

Safe-bet BAFs take the back seat as investors turn to riskier funds

Stock of this industrial products company has zoomed over 170% in 4 months

Solid order book, indigenisation to keep defence stocks in demand: Analysts

First Published: May 24 2023 | 5:10 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to