Press Trust of India / Mumbai Mar 19, 2009, 12:08 IST
Market regulator SEBI today proposed to extend trading hours in exchanges to align the domestic bourses with international markets and asked various stakeholders for their opinion.
"With the increased integration of the global markets, information originating from different countries has a bearing on Indian securities market," said the Securities and Exchange Board of India (SEBI) in a statement.
While trading on the Asian bourses commences little ahead of the Indian markets, the European and American markets open much later, SEBI said asking various stakeholders for their views on determining optimum market timing, before April 10.
"Some of the exchanges in these countries have adopted longer trading hours, sometimes even extending up to 23 hours. This has facilitated market participants in these countries to hedge their risk that might arise due to global information flow," SEBI said.
Among the advantages noted by the regulator are incorporating information flowing from different time zones, markets becoming efficient with quick assimilation of data, attracting global trading interest and enabling participants to take longer positions.
It is highly essential to go for extended trade timnings not only to align the other global markets but also useful to employees/business people who can spare time after 18.00hrs. This shall increase to boost the market and invester interests. To align with global timings, uptodate global activities shall be made available. therefore it is suggested to extend the timings till night., or there may be break/S with each trading session of the day consequent on extending timings. This shall also help to provide some employment opportunities in several exchanges or the existing staff can be utilised on shift basis. This is my personal view only.
thanking you
sincerely yours
K.GURUNADHA RAO
the thought of SEBI is absolutely correct and according to me trading hours has to be two section that is 8am to 1pm and 4.30pm to 9.00pm. this makes the indian market to synchronize with global market..hence chance to funds inflow.
It is sensible to adopt some sort of normal business/working hours like 10 am to 5 pm, and it may be useful to have one or more additional working days ie., 7 days a week and 7 hours in a day. To have trading hours in midnight and unusual hours it will give trading houses the look of casinos., or bars. If anybody likes to follow the global movements then the trading will be round the clock and there will be no control for anybody to interfere and many investors will be a nightmare
The proposal of SEBI is in line with international market. It will help many investors to carefully go through their investment during working hours which is now not available. The approach of market will also increase and sentiments will be positive in near future. It may create more opportunities to young generation who can't spare time in normal working hours.
Is it possible for NYSE, NASDAQ, or Tokyo stock exchange or London Stock exchange to change their echange timings to suit our timings. They have choosen their normal business or working hours prevailing in their country. We should adopt our business/working hours according indian time zone and I feel present timing is perfect. By pre-poning or extending 1-2 hours is it going to make a big difference in our earnings. If SEBI also starts 2nd session of trading from 10.00 pm to 02.00 am in the night, then it is good. Then many people can do trading/investment. SEBI should concentrate more on launching new products/instruments for trading and also look for improving indian capital market. It should introduce 24 hours settlement period and then 2nd session will be possible.
Posted by: amit
March 20 , 2009, 00:49 IST
Agreed Sunil Stock Exchanges and Sebi have to try something New and I guess no mean to extend Trading Hrs But it should be another trading session so Risk Management Issues can also Resolve. Parallel Banking Should be also Smooth.
It's sensible move considering the reason behind it. It will surely give the opportunity for the traders to trade with some basics rather with assumptions. It's a right move proposed at the right time. I welcome it.
it is indeed a good decision that SEBI will increase the trading hours..
we are never able to track the global markets on live basis like how we track our markets on real time..until we have a look at the news channels for a glance at night!!
keep it up SEBI. great move !!
Posted by: siddharth
March 19 , 2009, 15:43 IST
If this happens it will decrease the speculation aspect in the whole game and reduce the chances of earning more from this.
its gud taking in consideration the facts we will be with the other markets but other aspects also should be taken into account while extending market hours like people who are far away from there offices how would they manage.
ITS OF NO SENSE EARLY OPENING OF THE MKT, IT WILL BE DIFFICULT FR EMPLOYEES ALSO TO REACH AT WORK PLACE ON TIME, ALTHOUGH GOOD IDEA IF THEY EXTEND IT IN THE AFTERNOON SAY BY 1-2 HRS.
SEBI IS GOING MAD IT WILL THE BADDEST DECISON THAT SEBI GOING TO MADE,IN THE EASTREN COUNTRIES IF TRADING OPEN SOON IT ALSO CLOSES SOON.IN EUROPEAN COUNTRIES SAME IS ALSO THERE. I THINK IT IS REDICULUS THAT IN EVERY TIME WE R FOLLOWING OTHER SYSTEM. ONE WHO HAS TO TRAVEL FROM FAR MEANS 100KM FROM MUMBAI. IF SEBI EXTENDED TRADING HOURS OR OPENING TIME AS NSE WANTS IT TO BE 8.00 A.M HOW ONE CAN REACH.I THINK OTHER ASPECT TO BE WATCH
Posted by: Siddharth
March 19 , 2009, 15:20 IST
Dear Aryan,
its not regarding following a rituals commenced by others or not, there is no harm in taking others call if found fruitfull to us. other issues like operation costs and feasibility, market practices, investor sentiments, etc, needs to be considered for opposing the decision, if at all made.
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