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SEBI revises market timings: F&O to close at 3:40pm from Aug. 3
F&O trading extends to 3:40pm from Monday as SEBI rolls out closing auction for F&O stocks, a move designed to reduce tracking errors for passive funds.
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India's equity derivatives segment extends its trading day to 3:40pm from Monday, Aug. 3, under a revised schedule from the Securities and Exchange Board of India. The regulator is also introducing a closing auction session for stocks that qualify for futures and options trading.
Regular cash-market trading for F&O-eligible stocks ends at 3:15pm. A transition period runs from 3:15pm to 3:20pm, followed by the closing auction's first order-entry window from 3:20pm to 3:25pm. A second window from 3:25pm to 3:30pm restricts modification or cancellation of market orders, and the session closes randomly within the final two minutes. Order matching happens from 3:30pm to 3:35pm. The price struck in the auction becomes the official closing price for each F&O-eligible stock.
Non-F&O stocks in the cash segment keep their existing close at 3:30pm.