SEBI allows stock exchanges to extend the time of Trading
SEBI allows stock exchanges to trade from 9am to 5pm
The Securities and Exchange Board of India (SEBI) on Friday permitted stock exchanges to extend trading time by almost two and a half hours. SEBI had earlier said that this was considered to allow Indian players to take advantage of the global information flows. The NSE was aleady said about the extended trading would commence “very soon” on that exchange, although it would not commit to a specific date. The BSE too “welcomed” the move.
Currently the cash and equity derivatives market is open from 9:55 a.m. to 3:30 p.m. The currency derivatives market is open from 9:00 a.m. to 5:00 p.m., while the commodity derivatives market is open from 8:00 a.m. to 11:30 p.m.
The stock broking community are very pleasent with the news. There was some consternation that the move might benefit only the larger players such as FIIs and the exchanges themselves, as volumes would increase with stretched trading hours.
Many experts and brokers are opposed about this decision.But some other brokers said that theoretically an increase in trading hours could mean higher volumes and profitability for brokers.
Comments (2)
plz no change in timeing
@Pawan Chawale : The news heard that, the new trading time of NSE and BSE will be active from December.