The Indian markets in a major development are likely to witness some extension in trading hours for index futures. According to reports, the Association Of National Exchanges Members Of India (ANMI) today has given in principle approval for extended trading hours in index futures. Furthermore, ANMI, along with the BSE Brokers Forum (BBF) and Commodity Participants Association Of India (CPAI) are likely to write to the market regulator SEBI stating that they support the move and decision to extend the market trading hours.
However, according to a CNBC-TV18 report quoting sources, the market regulator will consult with small brokers and other participants before making a decision on extended trading. According to experts, small brokers will face a heat due to this as cost and expenses will rise significantly.
No immediate decision is been taken regarding extending the market trading hours and will not come anytime soon before the second half of the year, said sources.