9 am Opening Bell Fails to Ring in Volumes

As i wrote one of my earlier post's here in my blogs about the change in time" No Charm in The Market" and mentioned the authentic data will be posted later on.Today i got this data from the Financial Chronicle News paper and want to put forth the same for your attention.

Flop Show
Average daily turnover in the cash market last weeks was Rs.24,177 crore,nearly same as the average since March 9,2009.


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Date....... 9am to 10am......... 10am to 11am ...........Total daily turnover
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jan 4..........6,847.55 ...............2,752.18 ...............21,570.33
jan 5 ..........6,388.12 ...............3,074.33 ................26,829.72
jan 6 ..........5,916.96 ...............3,628.28 ................25,455.97
jan 7.......... 5,404.77...............3,486.89 ................23,056.92
jan 8.......... 5030.38................3,388.06 ...............23,972.23
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NEITHER TRADERS NOR INVESTORS seem enthused by the 0am market opening,going by the turnover data in the first week of the new timing of the stock exchanges....

Article Source:-'Financial Chronicle' Dated- 2 Nov 2010.