The Securities and Exchange Board of India (SEBI) has allowed the stock exchanges to extend trading hours of equity markets. With the green signal, stock exchanges are now allowed to start trading at 9am and close the bell at 5pm. Currently, India’s exchanges operate between 9.55 am and 3.30 pm.
Experts say the move is aimed at aligning Indian stock markets with international ones in a bid to woo more trades and also counter the emerging Singapore Exchange Limited’s (SGX) Nifty, which opens sooner (7am India time) than the National Stock Exchange’s (NSE) Nifty.
Even as the BSE and NSE may be biting their lips in anticipation of more business due to extended trading hours, stock brokers are nonplussed over the increased work hours.
Experts say the move is aimed at aligning Indian stock markets with international ones in a bid to woo more trades and also counter the emerging Singapore Exchange Limited’s (SGX) Nifty, which opens sooner (7am India time) than the National Stock Exchange’s (NSE) Nifty.
Even as the BSE and NSE may be biting their lips in anticipation of more business due to extended trading hours, stock brokers are nonplussed over the increased work hours.