Connect with us
DAPA Banner
DAPA Coin
DAPA
COIN PAYMENT ASSET
PRIVACY · BLOCKDAG · HOMOMORPHIC ENCRYPTION · RUST
ElGamal Encrypted MINE DAPA
🚫 GENESIS SOLD OUT
DAPAPAY COMING

Business

Explained: NSE extends F&O trading by 10 minutes. What changes for traders?

Published

on

Explained: NSE extends F&O trading by 10 minutes. What changes for traders?
The National Stock Exchange (NSE) has announced a significant change to trading hours in the equity derivatives segment with the introduction of the Closing Auction Session (CAS) framework.

Starting August 3, 2026, the normal market closing time for equity derivatives will be extended by 10 minutes to 3:40 pm from the current 3:30 pm. While the extension is noteworthy, the bigger change lies in how closing prices for eligible securities will be determined.

The move aims to ensure a smoother transition between the cash and derivatives markets at the end of the trading day while maintaining consistency in the pricing framework across segments.

What is the closing auction session?

The CAS is a structured trading window held at the end of the trading day. During this period, market participants place buy and sell orders to determine a single closing price for a security through an auction-based mechanism.

Advertisement

Unlike the current system where prices evolve through normal trading until market close, the auction process discovers a fair closing price based on orders entered during the designated session.
According to the exchange, CAS will initially apply only to securities in the cash segment that have derivative contracts available. The framework will roll out in phases, and any future expansion will be subject to SEBI guidance and separate operational instructions from the exchange.

Why are derivatives trading hours being extended?

Although CAS applies only to the equity segment, NSE decided to extend trading hours in the derivatives segment to ensure both markets remain aligned during the closing process.

The exchange also clarified that the price bands and pre-trade risk control measures introduced as part of CAS in the cash market will be mirrored in the derivatives segment. This is intended to maintain consistency between the two segments during the closing phase of trading.

How will the closing auction session work?

The CAS will run for 20 minutes, from 3:15 pm to 3:35 pm. The process will begin with a transition phase between 3:15 pm and 3:20 pm, during which the reference price will be calculated using the volume-weighted average price (VWAP) of trades executed between 3:00 pm and 3:15 pm.

Between 3:20 pm and 3:25 pm, participants will be able to enter both market and limit orders. From 3:25 pm to 3:30 pm, only limit orders will be permitted. During this period, market orders cannot be modified or cancelled.

Advertisement

The order entry session will close randomly at any point between 3:28 pm and 3:30 pm, after which the auction process will determine the final closing price.

How will closing prices be calculated?

One key point highlighted by NSE is that there will be no change in the methodology used to calculate closing prices of derivative contracts. The volume-weighted average price (VWAP) used for derivatives closing price calculation will continue to be based on trades executed during the final 30 minutes of trading. However, because market hours are being extended, that 30-minute window will now shift to 3:10 pm-3:40 pm instead of the current 3:00 pm-3:30 pm.

For securities eligible for CAS, the closing price in the cash segment will be determined through the auction process.

Ashish Nanda, President and Digital Business Head at Kotak Securities summed up the shift by noting that the market is moving from a “continuous trading close” to an “auction discovered close”.

Advertisement

Under the current framework, closing prices are derived from the VWAP of trades executed between 3:00 pm and 3:30 pm. Under the new framework, closing prices for F&O-eligible stocks will effectively be linked to a 20-minute auction process running from 3:15 pm to 3:35 pm.

What happens if a stock is removed from F&O?

NSE clarified that eligibility for CAS is linked to the presence of derivatives on the stock. If a security is excluded from the equity derivatives segment on both exchanges, it will no longer be eligible for the CAS.

In such cases, the closing price will revert to the existing methodology and be determined using the VWAP of trades executed during the last 30 minutes of trading. However, if the security continues to be part of the derivatives segment on at least one exchange, it will remain eligible for CAS.

What happens to pending orders?

The exchange outlined operational changes relating to order management. All unexecuted special orders, including stop-loss orders and disclosed quantity orders, will be cancelled. Pending orders that fall outside the revised price band will also be cancelled automatically, and members will receive appropriate cancellation notifications.

Advertisement

Why does this matter for traders?

For many market participants, the biggest implication is that the final closing price may no longer mirror the last traded price visible on trading screens at 3:30 pm.

According to Ashish Nanda, this could require adjustments to trading strategies, particularly for option writers and arbitrageurs who rely heavily on closing prices for valuation, settlement and hedging decisions.

While the derivatives market will remain open until 3:40 pm, the broader shift is not simply about extending trading by 10 minutes. It marks a change in how closing prices for eligible securities are discovered, with the exchange moving toward an auction-based mechanism designed to determine a single closing price at the end of the trading day.

What happens to existing market timings?

Apart from the revised closing time, most trading schedules remain unchanged. The pre-open session in the derivatives segment will continue to begin at 9:00 am and the normal trading session will continue to start at 9:15 am. Similarly, the trade modification window will remain unchanged and continue until 4:15 pm.

Advertisement

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Inside Incomplete Sentences: The Quiet Work of Telling Whole Stories

Published

on

Inside Incomplete Sentences: The Quiet Work of Telling Whole Stories

A yearlong campaign reframes what it means to do social impact through narrative.

Suggested placements: Thrive Global, Psychreg, Millennial Magazine, Parle Magazine  •  Editorial / contributed

Most social impact campaigns choose one of two registers. They go big and abstract, asking readers to care about a system, or they go small and personal, asking readers to care about one person inside it. Incomplete Sentences, a yearlong initiative launched in March 2026 by The Millbrook Companies in partnership with the Lone Star Justice Alliance, tries to do both at once. It does so by treating narrative itself as the system.

The campaign launched with a simple framing. When a person is sentenced, the language of that sentence enters the public record and starts doing work the person can no longer control. It travels into search results, news clips, family conversations, future job applications. Over time, the sentence becomes a stand-in for the person. Incomplete Sentences asks what is lost when that substitution happens, and what changes when the rest of the story is allowed back in.

Advertisement

A campaign built around four voices

The campaign is structured around four LSJA clients who were sentenced to prison as minors in Texas. Each will be featured throughout 2026 through a combination of long-form profiles, first-person essays, original poetry, and educational content. The first to be introduced was Delicia Carmichael, a survivor of sex trafficking sentenced at fifteen, whose own writing now anchors part of the campaign’s editorial canon.

What the campaign refuses to do is treat these voices as case studies. There are no thumbnail biographies. There is no rush to a moral. The structure is closer to literary nonfiction than to advocacy communications, and the editorial choice is intentional. Readers who arrive expecting a brief get something else, which is room to actually meet the person they are reading about.

That patience is unusual in cause-based content, and it is one of the things that makes the campaign worth paying attention to as a piece of communications craft.

Advertisement

Why a reputation collective and a legal nonprofit

The pairing of partners is also unusual. The Millbrook Companies is a collective of agencies whose specialties run from digital reputation management to performance marketing to strategic advisory. Lone Star Justice Alliance is a Texas-based legal nonprofit that has been advocating for youth and emerging adults inside the criminal legal system since 2017.

On paper, those are different worlds. In practice, they share a working language. Both organizations spend their days thinking about how information moves, what gets emphasized, what gets buried, and how a single framing can determine outcomes for a real human being. Incomplete Sentences is what happens when those two practices are pointed at the same problem.

The campaign’s launch announcement put it directly. Access to accurate, balanced information is essential to personal empowerment and functional systems. That is a sentence equally at home in a courtroom brief and a brand strategy document.

Advertisement

Storytelling as infrastructure

There is a quieter craft layer running beneath the campaign that bears noticing. The work of reaching readers in 2026 is not the same as the work of reaching readers a decade ago. Audiences live inside an information environment shaped by social platforms, search algorithms, and increasingly by AI-generated summaries that compress source material into a few sentences before a human reader ever sees it.

In that environment, storytelling is no longer the soft tissue around the campaign. It is the infrastructure. If the story is not built carefully enough to survive compression, it will not survive at all. Incomplete Sentences appears to have been designed with that pressure in mind. The campaign produces multiple formats around each featured voice, including long-form articles, first-person pieces, poetry, and explainer content, so that whichever surface a reader encounters first, the picture they receive is closer to whole.

That is communications work in the most literal sense: the work of making something communicable. It is also why a campaign that looks at a glance like a justice reform initiative reads, on closer inspection, like a meditation on attention itself.

Advertisement

What good looks like

It is too early to measure Incomplete Sentences by traditional impact metrics. The campaign is a few months old. Stories are still being released. Volunteer cohorts are still being seated for later quarters. By the end of 2026, there will be data, including reach numbers, fundraising totals, and policy moments where the campaign’s editorial work shows up in advocacy contexts.

The early signal worth tracking is something quieter. It is whether readers who arrive through one entry point, an Instagram post, a syndicated article, a Substack essay, leave with a more complete sense of a person they had previously known only through a charge sheet. That is the campaign’s working definition of success, and it is the one most worth taking seriously.

For now, the invitation is simple. Visit incompletesentences.org. Read one full story instead of one summary. Sit with what shifts. Then decide what to do with that shift.

Advertisement

That is what whole stories ask of the people who read them, and it is what this campaign is built to make possible.

Continue Reading

Business

EasyJet says possible takeover bid 'opportunistic'

Published

on

EasyJet says possible takeover bid 'opportunistic'

US investment firm Castlelake is considering making an offer for the budget airline.

Continue Reading

Business

The Smart Money Is Quietly Buying These REITs

Published

on

The Smart Money Is Quietly Buying These REITs

This article was written by

Jussi Askola is the President of Leonberg Capital, a value-oriented investment boutique that consults hedge funds, family offices, and private equity firms on REIT investing. He has authored award-winning academic papers on REIT investing, has passed all three CFA exams, and has built relationships with many top REIT executives.

He is the leader of the investing group High Yield Landlord, where he shares his real-money REIT portfolio and transactions in real-time. Features of the group include: three portfolios (core, retirement, international), buy/sell alerts, and a chat room with direct access to Jussi and his team of analysts to ask questions. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of FR, INVH, NHI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Advertisement
Continue Reading

Business

Waldencast agrees to sell Obagi Medical for up to $460 million

Published

on


Waldencast agrees to sell Obagi Medical for up to $460 million

Continue Reading

Business

Taysha Gene Therapies: Shortened Timeline Increases The Potential

Published

on

Taysha Gene Therapies: Shortened Timeline Increases The Potential

Taysha Gene Therapies: Shortened Timeline Increases The Potential

Continue Reading

Business

Marc Bolland Appointed by Government to Tackle UK Youth Unemployment Crisis

Published

on

Marc Bolland Appointed by Government to Tackle UK Youth Unemployment Crisis

Whitehall has turned to one of the City’s most seasoned retail chiefs in an attempt to head off what ministers are now privately describing as the most acute youth unemployment crisis in more than a decade.

Marc Bolland, the former chief executive of Marks & Spencer, has been drafted in by the government to corral Britain’s biggest employers behind a renewed push to get young people into work, following an excoriating review by the former Labour cabinet minister Alan Milburn that warned the country risked sacrificing a generation to worklessness.

Milburn’s interim report, published this week, found that one in six 16- to 24-year-olds will be out of work, education or training within five years unless ministers act decisively. The figure currently stands at one in eight. Official data has already pushed the cohort of so-called NEETs above the one-million mark, the highest level in more than 12 years, and Milburn warned of a “generational fault line” opening up beneath the labour market.

“The problem is that for too many young people, opportunities are not growing, they’re shrinking,” Milburn wrote. His review found that six in ten NEETs have never held a job, yet 84 per cent of those surveyed said they wanted to work or train, a finding that has galvanised support inside Number 11 for a more interventionist approach.

Bolland, who also ran Morrisons and served as chief operating officer at Heineken, will report to Work and Pensions Secretary Pat McFadden and take up the role of Lead Non-Executive Director at the Department for Work and Pensions. His brief, confirmed by the government, is to convene chief executives across sectors and to advise ministers on how to respond to Milburn’s findings.

Advertisement

It is familiar territory. In 2012, in the wake of the previous summer’s riots, Bolland founded Movement to Work, the employer-led charity that has since helped more than 200,000 disadvantaged young people into employment. That track record, built on persuading rival boardrooms to pool resources rather than wait for state schemes, is precisely what ministers hope he can replicate at scale.

“I believe the government is serious about tackling this generational crisis of youth unemployment,” Bolland said on his appointment, “and I know that working hand-in-hand with business to support young people gives them the best possible chance of success.”

Alongside Bolland’s appointment, the government has secured commitments from some of the UK’s largest employers to back 300,000 work experience and training placements over the next three years. McDonald’s was first off the blocks earlier this year with 2,500 paid work experience placements, and Whitehall is now banking on a long tail of mid-market and SME employers following suit.

The push dovetails with the Treasury’s £725m package of apprenticeship reforms, which is expected to create 50,000 new roles and introduce shorter, more flexible training routes from April. Together, the measures represent the most concerted attempt to rebuild the rungs of the working ladder since the Coalition’s apprenticeship drive of the early 2010s.

Advertisement

Whether it works will depend in no small part on whether Bolland can persuade boardrooms that the cost of a placement now is cheaper than the cost of a hollowed-out talent pipeline later. As Milburn put it in his own assessment of the review’s findings, for every £1 the state spent on employment support for young people in 2024/25, roughly £25 went on benefits. That, more than any speech from the Despatch Box, is the number business will be asked to help shift.


Jamie Young

Jamie Young

Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.

When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.

Advertisement
Continue Reading

Business

Hinkley Point C nuclear plant announces ‘tremendous’ milestone

Published

on

Business Live

French energy giant EDF said it had taken ‘months of planning and close coordination’

Hinkley Point C power station in Bridgwater, Somerset

Hinkley Point C power station in Bridgwater, Somerset(Image: Hinkley Point C)

A huge crane has installed the second reactor at Hinkley Point C nuclear power station in a milestone described as “tremendous” by EDF.

The reactor was shipped from from France to Avonmouth Docks in Bristol before arriving in Somerset by barge earlier this year, with the final four miles to the Bridgwater site on a transporter.

Advertisement

Now French-owned energy giant EDF says it has used a crane – named ‘Big Carl’ – to lift the 500-tonne cylinder into place before its precision installation inside the reactor building.

Simon Parsons, Hinkley Point C’s delivery director, said: “This marks a tremendous achievement by the entire team and one that has taken months of planning and close coordination between the 10 main contractors involved.”

Once inside the reactor building, the 13-metre-long vessel was lifted and rotated into a vertical position by the large internal crane and lowered onto a support ring with just 40mm clearance on either side.

Mr Parsons said Hinkley had not used a “cut and paste” approach but had taken lessons from the first reactor’s installation in 2023 to save time, money and disruption to the site.

Advertisement

“Importantly, we are also applying those lessons to put Unit 2 well ahead of the first unit’s position at the equivalent stage, with more materials in place and more work achieved,” he said.

The Unit 2 reactor building is further ahead than at the same stage for Unit 1, EDF said, with more equipment installed, as well as more structural steel work and the outer containment layer already in place.

Big Carl lifts Hinkley Point C's second nuclear reactor into place

Big Carl lifts Hinkley Point C’s second nuclear reactor into place(Image: Hinkley Point C)

The reactor pressure vessel uses nuclear fission to make heat and steam for the world’s largest turbines, the Arabelle.

The announcement comes just months after it was revealed Britain’s first new nuclear station in a generation would face further delays at a cost of some €2.5bn to EDF, which is responsible for the project.

Advertisement

Hinkley Point C is set to provide six million UK homes with zero-carbon electricity when it is up and running but the project has been plagued by cost overruns and delays since it received government approval in 2016.

EDF said in February the first reactor at Hinkley Point C would start operating in 2030 – a year later than expected and nearly 13 years since work began on the scheme.

The delay is expected to take the cost of the project up to £35bn – far more than the original estimate of £18bn when the scheme was green lit. But, in reality, the final price tag could be far higher once inflation is considered as the French-owned energy firm has outlined its estimates in 2015 prices.

Advertisement
Continue Reading

Business

Stocks to Watch: Nvidia, Qualcomm, easyJet

Published

on

Nvidia CEO Jensen Huang at a conference today

Stocks to Watch: Nvidia, Qualcomm, easyJet

Continue Reading

Business

Royal Mail misses first-class target as Ofcom prepares probe

Published

on

Royal Mail misses first-class target as Ofcom prepares probe

Britain’s letter writers, and the small businesses that still depend on the post for invoices, contracts and statutory notices, are paying the price for another year of underperformance at Royal Mail.

Just 75.7% of first-class mail was delivered on time in the 12 months to the end of March, the postal operator confirmed on Friday, a country mile from its 93% regulatory target and the first full-year snapshot of life under Czech billionaire Daniel Kretinsky’s EP Group, which completed its £3.6bn takeover last spring.

Performance has actually slipped since the company’s final year on the London Stock Exchange, when 76.9% of first-class and 92.2% of second-class letters arrived on time. The new figures show only 90.2% of second-class post landed within three working days, against a target of 98.5%.

The communications regulator described itself as “very concerned” by the figures. Business Matters understands Ofcom is preparing to open a formal investigation into Royal Mail’s performance as soon as next week – a move that would almost certainly lead to a further multi-million-pound fine on top of the £21m penalty imposed last October, the third-largest in the watchdog’s history.

It is six years since Royal Mail last hit its second-class target and a decade since it cleared the bar on first-class. The slump that began during the pandemic has stubbornly refused to reverse.

Advertisement

Chief operating officer Jamie Stephenson struck a contrite tone, insisting the business is on course to meet new, softer targets of 90% for first-class and 95% for second-class by this time next year.

“We’re putting significant investment into improving reliability and reaching these new delivery targets, but delivering lasting change across a network of this scale takes time,” he said.

The company is ploughing £500m into its five-year improvement plan, which includes offering part-time posties longer hours and scrapping second-class Saturday deliveries – a structural overhaul agreed with Ofcom and rolled out from April.

For Britain’s 5.5 million small businesses, however, the patience required is wearing thin. SMEs remain disproportionately reliant on physical mail for cheques, payment reminders, HMRC correspondence and signed agreements. Slow post means delayed cash flow, missed deadlines and, in the worst cases, penalties from regulators whose own letters arrive late.

Advertisement

Tom MacInnes, policy director at Citizens Advice, was withering in his assessment. Poor performance at Royal Mail, he said, was “business as usual”.

“What’s worse, Royal Mail claims people will have to wait another year until it can meet its new, lower delivery targets,” he added.

In February, postal workers told the BBC that letters had been sitting undelivered in depots for weeks because staff had been instructed to prioritise parcels, which carry fatter margins. Mr Kretinsky was hauled before MPs on the Business and Trade Committee in March, where he said he was “deeply sorry for any letter that arrives late” but flatly denied that parcels were being put ahead of letters. As the House of Commons Library has documented, letter volumes have collapsed from 20 billion items in 2004-05 to around 6.6 billion last year, putting the universal service economics under unprecedented strain.

Ofcom has already eased Royal Mail’s regulatory burden. Since April, the operator has been measured against the lower targets of 90% next-day delivery for first-class and 95% three-day delivery for second-class. The regulator argued the previous benchmarks were “more stretching” than in comparable European countries and would “carry higher costs which would need to be recovered through higher prices” – an unwelcome trade-off for any SME owner who has watched a first-class stamp climb to £1.70.

Advertisement

Whether £500m and a slacker rulebook can finally turn around an institution that has failed its own customers for the best part of a decade is the question now landing on Mr Kretinsky’s desk. On the evidence of Friday’s numbers, the answer is not yet in the post.


Jamie Young

Jamie Young

Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.

When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.

Advertisement
Continue Reading

Business

BofA raises Icon stock price target to $125 on booking trends

Published

on


BofA raises Icon stock price target to $125 on booking trends

Continue Reading

Trending

Copyright © 2025