In general, you cannot display the time zone of the TIMESTAMP WITH LOCAL TIME ZONE value, since by default this is your current local time zone.
+05:30 is your current time zone, you can confirm this:
SELECT SESSIONTIMEZONE FROM dual;
You cannot do
ALTER SESSION SET TIME_ZONE = 'IST';
Because IST also used for "Icelandic Standard Time", "Irish Standard Time", "Israeli Standard Time", etc.
However, you can use this:
SELECT TO_CHAR(CAST(LOCALTIMESTAMP AS TIMESTAMP WITH LOCAL TIME ZONE), 'YYYY-MM-DD, HH24:MI:SS TZD') FROM dual;
Note. TZD stands for TZD Information. In the event that I have daylight saving time, your TZD may change.
source share