Description

NSE announces extended trading hours for internationally referenceable non-agri commodities in the commodity derivatives segment from March 9 to October 30, 2026, with trading ending at 11:30 PM.

Summary

NSE has notified revised trading hours for the Commodity Derivatives segment, specifically for internationally referenceable non-agri commodities. The extended trading hours will be effective from March 9, 2026 to October 30, 2026 (both days inclusive), with trading sessions starting at 9:00 AM and ending at 11:30 PM. This circular is issued in reference to SEBI circular SEBI/HO/CDMRD/DMP/CIR/P/2018/146 dated November 30, 2018.

Key Points

  • Trading hours extended for internationally referenceable non-agri commodities only
  • Trade start time: 9:00 AM
  • Trade end time: 11:30 PM
  • Trade modification end time: 11:45 PM
  • Position limit/Collateral value setup cut-off end time: 11:45 PM
  • Applicable period: March 9, 2026 to October 30, 2026 (both days inclusive)
  • Trading hours subject to change for trading holidays and Muhurat trading as per circular 71784 dated December 15, 2025

Regulatory Changes

This circular implements the framework established under SEBI circular SEBI/HO/CDMRD/DMP/CIR/P/2018/146 dated November 30, 2018, extending trading hours for commodity derivatives to align with international market timings for better price discovery and increased participation.

Compliance Requirements

  • All members trading in commodity derivatives must note the revised trading hours
  • Members must ensure their systems and operations are capable of supporting extended trading hours until 11:30 PM
  • Members should prepare for trade modifications until 11:45 PM
  • Position limits and collateral value setups must be completed by 11:45 PM
  • Members must account for potential changes in trading hours during holidays and special trading sessions

Important Dates

  • Circular Date: February 9, 2026
  • Implementation Start Date: March 9, 2026
  • Implementation End Date: October 30, 2026
  • Reference Circular for Trading Holidays: NSE circular download no. 71784 dated December 15, 2025

Impact Assessment

Operational Impact: High - Members will need to adjust their operational infrastructure, staff schedules, and risk management systems to accommodate extended trading hours until 11:30 PM. This represents a significant extension of the trading day.

Market Impact: High - Extended trading hours for internationally referenceable non-agri commodities will provide better alignment with international commodity markets, potentially improving liquidity, price discovery, and allowing Indian market participants to react to global market movements in real-time.

Resource Impact: Members will need to ensure adequate staffing, technology infrastructure, and support systems for the extended trading session, including surveillance and risk management capabilities throughout the extended hours.

Scope: This applies specifically to internationally referenceable non-agri commodities in the commodity derivatives segment, not affecting other commodity categories or segments.

Impact Justification

High importance and impact due to significant extension of trading hours for commodity derivatives, affecting all members trading internationally referenceable non-agri commodities and requiring operational adjustments for extended market hours until 11:30 PM.