Adani Enterp. 2513.35↑20.00(0.80%)
Adani Ports 736.65↓-2.20(-0.30%)
Apollo Hospitals 4805.00↑183.05(3.96%)
Asian Paints 3244.95↑52.00(1.63%)
Axis Bank 924.45↑9.60(1.05%)
B P C L 366.95↑3.45(0.95%)
Bajaj Auto 4635.05↑67.90(1.49%)
Bajaj Finance 6989.35↓-0.50(-0.01%)
Bajaj Finserv 1446.45↓-4.60(-0.32%)
Bharti Airtel 830.05↓-19.85(-2.34%)
Britannia Inds. 4616.90↓-40.15(-0.86%)
Cipla 951.00↓-2.05(-0.22%)
Coal India 230.40↓-10.85(-4.50%)
Divi's Lab. 3548.00↑104.40(3.03%)
Dr Reddy's Labs 4542.45↑41.40(0.92%)
Eicher Motors 3713.00↑41.05(1.12%)
Grasim Inds 1715.00↓-3.35(-0.19%)
H D F C 2658.10↑17.70(0.67%)
HCL Technologies 1146.90↑1.80(0.16%)
HDFC Bank 1613.80↑2.95(0.18%)
HDFC Life Insur. 586.60↓-5.75(-0.97%)
Hero Motocorp 2783.00↑23.10(0.84%)
Hind. Unilever 2714.90↑47.35(1.78%)
Hindalco Inds. 408.90↑3.00(0.74%)
ICICI Bank 948.90↓-0.25(-0.03%)
IndusInd Bank 1288.20↑1.60(0.12%)
Infosys 1326.65↑8.35(0.63%)
ITC 441.90↓-3.60(-0.81%)
JSW Steel 696.35↑0.05(0.01%)
Kotak Mah. Bank 1938.35↓-76.00(-3.77%)
Larsen & Toubro 2220.15↑14.50(0.66%)
M & M 1318.85↓-0.15(-0.01%)
Maruti Suzuki 9230.00↓-137.70(-1.47%)
Nestle India 21889.95↑216.85(1.00%)
NTPC 174.05↑0.20(0.12%)
O N G C 155.25↑0.35(0.23%)
Power Grid Corpn 232.50↓-1.35(-0.58%)
Reliance Industr 2474.00↑4.10(0.17%)
SBI Life Insuran 1226.15↓-8.85(-0.72%)
St Bk of India 584.35↑4.50(0.78%)
Sun Pharma.Inds. 978.85↑3.50(0.36%)
Tata Consumer 797.25↓-1.40(-0.18%)
Tata Motors 523.80↓-2.50(-0.48%)
Tata Steel 106.20↑0.40(0.38%)
TCS 3334.05↑44.55(1.35%)
Tech Mahindra 1130.00↑14.45(1.30%)
Titan Company 2830.40↑7.15(0.25%)
UltraTech Cem. 7867.90↓-2.15(-0.03%)
UPL 680.05↓-5.05(-0.74%)
Wipro 406.75↑3.10(0.77%)

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 Tiwari Samie Modak Mumbai

Premium

3 min read Last Updated : May 24 2023 | 5:10 PM IST

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.