On Tuesday, the MD & CEO of the National Stock Exchange (NSE), Ashishkumar Chauhan said that the Securities and Exchange Board of India (SEBI) has declined the proposal to extend trading time. During an analyst call, per the media reports, Chauhan said that SEBI rejected the proposal due to a lack of feedback from stock brokers that the regulator had requested. 

Chauhan explained that SEBI rejected the proposal due to a lack of feedback from stock brokers, which the regulator had requested.