Indian stock markets are set to wake up early. Market regulator Securities and Exchange Board of India (SEBI) has allowed both the BSE and NSE to extend the trade timing from the current 10-3.30 p.m to between 9 a.m and 3.30 p.m.
The move will extend nearly 2-1/2 hours of trading, if both the exchanges agree to extend the trade timing as per Sebi permission. This move is expected to give traders a better chance to react to global and corporate developments. Also the immediate impact will be an increase in volume which is now between Rs 80-85,000 crore.
Why this trading hour extension being sought by SEBI?
Average trading in developed market is around 7-8 hours whereas Indian markets' trading time is currently only 5.5 hours. Markets will have more time to react to international markets and domestic news flows.
Also the volumes in Singapore Exchange will shift back to Indian markets. Since the listing in Singapore, SGX Nifty is dictating the opening moves in Indian stock markets, which would be considerably reduced.
Get Connected
Popular Posts
-
Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers....
-
Google has launched a contest to solicit ideas about how to help humanity - Google Project 10tothe100 . "To mark our 10th birthday an...
-
What is Nifty Bees? Nifty BeES, the first ETF in India, was introduced by Benchmark Asset Management Company in 2002 and currently m...
-
Nifty 50 PR 2x Leverage Index. Nifty 50 Price Returns 2x Leverage Index is designed to generate multiple time return of the underlying index...
-
Trading holidays for the calendar year 2023. The National Stock Exchange of India (NSE) has notified trading holidays for the calendar ye...