India's current trading session is for around 5.5 hours, and will increase to 6.5 hours from 4th January 2010; Data Source: Bloomberg reports
After much confusion comes the final decision. Trading hours for Indian stock markets will increase by around 55 minutes starting January 4, 2010. Both the leading stock exchanges - BSE and NSE - will then be open from 9 am to 3.30 pm. This change in timings comes as part of the SEBI's earlier proposal to increase trading hours to reduce the gap with other Asian markets that open ahead of India. As today's chart of the day shows, trading hours in India will now match those in Singapore and the US.
* India's current trading session is for around 5.5 hours, and will increase to 6.5 hours from 4th January 2010; Data Source: Bloomberg reports.
* India's current trading session is for around 5.5 hours, and will increase to 6.5 hours from 4th January 2010; Data Source: Bloomberg reports.
who will benefit from this increase?
Brokers won't - as their costs would increase as they would probably require two shifts to match Asian markets' trading hours. Fund managers won't - as they would get less time on research and analysis of companies and spend more time looking at the ticker tapes.
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