NSE Trading hours may be extended upto 5 pm

Trading hours on stock exchanges, both NSE and BSE,  may stretch upto to 5 pm if SEBI accepts proposal of MSEI.

MSEI,erstwhile MCX Stock Exchange, has a proposal to seeking permission to extend timings for its equity platform. In 2009, the  SEBI had allowed NSE and BSE to extend trading hours till 5:00 PM, but the exchanges refrained from implementing it due to opposition from the brokers. If MSEI decides to give investors more time to trade, NSE and BSE will be forced to follow suit.

nse trading hours

Big brokers are unlikely to oppose the plan to extend the trading hours this time. Most of the large brokers are now already a part of currency derivatives segment which operates till 5 pm or are associates of commodity market which operates till 11.30 pm. Therefore, extending trading time for the equity and derivative segment won't be that of a problem this time.

Global exchanges also have different trading hours. Foreign exchanges like Euronext, Deutsche Borse, Six Swiss and BME Spanish offer extended trading hours till 5 pm or 5.30 pm.

The move to extend trading hours will facilitate members to reach out to investors in semi-urban and rural areas, enhance liquidity and broaden the shareholder base,

What do you think about extended trading hours, if that ever happens? Post your views and comments.

Brexit and Markets

Brexit is the buzz word now. So what is is all about?

What does Brexit mean?

It is a word that has become used as a shorthand way of saying the UK leaving the EU - merging the words Britain and exit to get Brexit, in a same way as a Greek exit from the EU was dubbed Grexit in the past. A referendum is being held on Thursday, 23 June to decide whether Britain should leave or remain in the European Union.


Who wants the UK to leave the EU?

The British public are fairly evenly split, according to the latest opinion polls. The UK Independence Party, which won the last European elections, and received nearly four million votes - 13% of those cast - in May's general election, campaigns for Britain's exit from the EU. About half of Conservative MPs, including five cabinet ministers, several Labour MPs and the DUP are also in favour of leaving. 

What about businesses?

Big business - with a few exceptions - tends to be in favour of Britain staying in the EU because it makes it easier for them to move money, people and products around the world.

How will the Markets react?

Many traders and market observers see Brexit as a negative, prompting the reaction in markets. A new poll showing a majority of British people in favor of leaving the European Union hit foreign exchange and stock markets on Friday. The data in London newspaper The Independent showed that 55 percent believe Britain should leave the EU, versus 45 percent who favored staying. The publication said it marked the largest portion of respondents who favored exiting since research firm ORB began polling the issue for it last year.

Top Tools That Every Trader Should Use

Traders are in the business of taking on board vast amounts of information every day. That’s their job. But that information comes to them in the form of undigested prices. There’s no theory to back anything up. No discussion of the fundamentals. And certainly no hint as to whether prices are going to go up or down.

Thus, traders need to go well beyond the raw data. They have to have working models in their minds about how their trades are going to play out. And, in order to do this, they need to have the best tools.

Whether you’re just starting out, or whether you’re a pro, here are some of the resources you’ll need.

Investopedia Dictionary

The world of trading is full of jargon. Traders have developed their own language in order to speed along their work. But that new language takes a little while to learn. Even people who have been in the business for a while still come across new terms.

Investopedia Dictionary is a famous and great resource. It has detailed and fully explained articles on thousands of investment topics. And it’s a great, free resource for investors looking to brush up on their knowledge.

Trading Video Collection

A lot of people don’t learn very well by reading. Not to worry. Not there are online video collections that cover all sorts of trading topics.

What’s more, these videos are actually high quality. Sites like freeonlinetradingeducation.com offer free tuition. They go through entire series of topics from the simplest to more advanced.

Stock Screeners

A stock screener is essentially a program that allows you to find the stocks that interest you. You can filter by price-earnings ratio if you’re interested in fundamentals. Or you can use moving average values if you are interested in trends.

The whole point of stock screeners is to filter information. If you’re a trader who doesn’t have favorites, stock screeners are a great way to buy based on current information. You can get straight to the stocks that interest you, without having to wade through thousands of irrelevant metrics.

News Services

Everyday conditions in the world of trading change. And everyday traders need to be aware of what exactly is going on out there. That’s why most traders will use some type of news service to funnel all the relevant information to their desk. Tools like Newsmap allow traders to see the stories that affect them. These tools are able to gather headlines that affect traders and organise them in one place.

If you’re doing research, you can also scan for relevant topics. Over time, you’ll get a sense of how a market is developing, just from the sheer number of related news articles. Plus, if conditions change, you’ll be able to react quickly, having already built up substantial knowledge.

Nasdaq US Economic Calendar

Keeping track of the market timetable can be difficult. But thanks to tools like the Nasdaq economic calendar, it’s now simple. You can keep track of events in the stock market as easily as you would TV listings. Just log on to a site like nasdaq.com to see what events are coming down the pipe.

What is the difference between RTGS, NEFT And IMPS?

The Indian banking system has come a long way since the old days when money transfer would take days . The systems are now enabled with electronic transfers like RTGS, NEFT, IMPS where funds are transferred real time.

So what is the difference between RTGS, NEFT And IMPS?

The basic difference between RTGS and NEFT lies in the settlement timings and amount.
Real Time Gross Settlement (RTGS) is based on the gross settlement where the transaction is settled on an instruction by instruction basis.
National Electronic Funds Transfer (NEFT) is an electronic fund transfer system which settles transactions in batches.


What is the basic requirement for transfer of funds through NEFT and RTGS?

To transfer funds, one needs the account number of the beneficiary, IFSC Code of Bank Branch and name of the beneficiary and amount to be transferred.

How much one can transfer?

NEFT is transfer of funds online by a financial institution, mainly for the banks in India. It has no limit either minimum or maximum - on the amount of funds that could be transferred using NEFT.

RTGS is based on the gross settlement where the transaction is settled on an instruction by instruction basis. In RTGS the minimum amount should be above Rs 2 lakh and maximum amount is Rs 10 Lakh.

Immediate Payment Service (IMPS) is a remittance service through which one can transfer money anytime, anywhere across India.IMPS basically involves a transfer mechanism using the mobile phone. A host of banks allow the transfer through this mechanism including the reputed banks like State Bank of India, ICICI Bank and Axis Bank.

Based on their requirements, consumers are free to choose the services they want they can choose the services they want. Ultimately, Money transfer has been made easy due to all of the services given above.