The Dalal Street (bse & nse both) will start the first day of the new year an hour early at 9am from monday, as the exchanges have decided go ahead with the new timing, notwithstanding protests from brokerages.
With a view to better align the domestic markets with the Asian bourses, the both Bombay Stock Exchange and National Stock Exchange had late last month announced the advancing the trading timing to 9am with effect from January 4, from 9.55 am earlier.
However, the closing bell remains the same at 3.30 pm. “The new trade timing would be in the larger interest of the investors as they will get more time to trade.
Besides, it will help our markets integrate more with the global counterparts,” a top NSE official. The brokerages are, however, divided on their views as to whether the extended trading will benefit investors as a whole.
This appears to be the standard game of increase trading time, hence increase no of trades & volume, hence increase brokerage & transactions income for the government.
It needs to be seen if this goes through and trading time changes permanently amidst the brokers & investor protests.