In line with international best practices, the markets regulator and the stock exchanges are working on a proposal to shift the trading time on the bourses from 9:00 am to 2:30 pm, market sources said. Currently, stock markets in the country trade from 10:00 am to 3:30 pm. | |
| However, officials at the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) refused to comment on the issue. |
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| The Securities and Exchange Board of India (Sebi) sources familiar with the development said discussions are still on regarding the proposal to change the timings, "but it will be implemented only after the implementation of T+1 and straight through processing (STP) on the bourses," the sources said. |
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| This comes close on the heels of Sebi chairman GN Bajpai saying that T+1 and straight through processing (STP) should be ready and operational by July. |
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| The regulator is working on shortening the settlement period by July 1 itself when all market transactions would mandatorily have to be under STP. |
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| India will be among a handful of countries in the world to have implemented T+1 settlement systems. |
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