Securities and Exchange Board of India (SEBI), along with National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), have inaugurated a Common Investor Service Center (ISC) in Pune on Tuesday, September 27, 2023. The center aims to enhance investor services and protection in India's securities market, especially for those in the western region of Maharashtra.
The Common ISC, managed by NSE, provides a platform for investors to lodge complaints against listed corporate entities and market participants operating in the securities market. This facility is deemed crucial for investors who may have grievances related to their dealings in the market.
In another development today, markets regulator SEBI is currently reviewing a proposal from the NSE for extended trading hours for index derivatives. The NSE has suggested an additional evening session between 6 p.m. and 9 p.m., allowing investors to trade in index futures and options (F&Os) that could aid them in hedging risks.
This proposed extension could be beneficial for domestic traders and investors as it would provide them with an opportunity to react to global news events considering the Indian stock market concludes its session prior to the opening of US markets.
A final decision on this proposal is still pending as the market regulator assesses whether the move will lead to increased derivative trading volumes or create issues in trade settlements. Notably, the markets regulator has already established rules for bourses to keep F&O trading open until 11.55 p.m. and equity shares trading until 5 p.m.
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