Indian benchmark indices end lower on Friday, SEBI allows exchanges to extend trading hours in derivatives
Mumbai, May 4 (IBNS): Key Indian benchmark indices ended lower on Friday, with Sensex down 187.76 points at 34,915.38 and NSE Nifty down 61.40 points at 10,618.30.
Top gainers on Friday included Adani Ports, GAIL, Tech Mahindra, HDFC Bank, IndusInd Bank, PowerGrid Corp and HUL while Sun Pharma, Bajaj Auto, ITC, Yes Bank and Axis Bank were some of the key stocks that reported a decline.
Market regulator SEBI said on Friday that pursuant to the approval of the SEBI Board, in its meeting held on December 28, 2017, Stock Exchanges have been permitted to trade commodity derivatives along with other segments of securities market effective from October 01, 2018.
According to the release, 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 AM and 11:55 PM, similar to the trading hours for Commodity Derivatives Segment which are presently fixed between 10 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.
Stock exchanges have to seek SEBI's prior approval in case they want to extend the trade timings beyond the
extant trading hours, the release said.
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