NSE to revise closing auction session, F&O trading hours from December 7
Detailed summary
The National Stock Exchange announced changes to the Closing Auction Session and derivatives trading hours, effective December 7, following SEBI guidelines.
The National Stock Exchange (NSE) has announced changes to the Closing Auction Session (CAS) in the equity cash segment and trading modalities in the equity derivatives segment, with the revised framework set to take effect from December 7.
The exchange issued two separate circulars on November 6, following the Securities and Exchange Board of India's (SEBI) October 15 review of the Closing Auction Session, market timings and settlement methodology for derivatives contracts.
The changes include shortening the closing auction session to 10 minutes, revising the methodology for determining closing prices of eligible stocks, extending derivatives trading hours to 3:45 pm and changing the calculation of expiry-day settlement prices for stock and index derivatives.
Under the revised framework, the Closing Auction Session will operate from 3:30 pm to 3:40 pm on all trading days.
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