Hi @amit The volume in this segment is less, as they are used mainly by institutions for Hedging (as they already hold underlying in lot multiples). For retail participants, due to weaker market depth in the underlying, arbitrage is not fruitful. Though the volume is substantial but the spread cost / slippage will be higher.
For other segments, though SEBI has already allowed timing to be extended till 5:00 PM (Equity) and 11:55 PM (Derivatives) but Exchange(s) are constantly taking feedback and doing impact analysis from various stakeholders.
Even we have opened up the topic here for discussion. Do share your views too!