After much discussion and a lot of rumours and innuendo SEBI has finally approved the extension of trading hours for equity derivatives.
The SEBI Circular states:
With a view to enable integration of trading of various segments of securities market at the level of exchanges, it has been decided to permit Stock Exchanges to set their trading hours in the Equity Derivatives Segment between 9:00 AM and 11:55 PM, similar to the trading hours for Commodity Derivatives Segment which are presently fixed between 10:00 AM and 11:55 PM, provided that the Stock Exchange and its Clearing Corporation(s) have in place risk management system and infrastructure commensurate to the trading hours.
@nithin what do you think would be the impact on trading volumes / traders / brokers / exchanges etc.?