Thumbs down for proposed extension of bourses' trading hours: Survey

The proposed extension of "bourses' trading hours" has received a negative response from investors and traders, a survey study revealed on Thursday.

According to a survey conducted by BTVi and Chrome DM on the extension of "Bourses trading hours", 77 per cent of the respondents across categories said: "They would not want extension in the trading hours."

The survey was conducted on 768 respondents who belonged to brokerages, sub-brokers, FIIs, mutual funds and investors from eight metro cities.

"In all, 51 per cent responses claim there would be no beneficiary from this change; 37 per cent say it will be the stock exchanges," the survey report said.

The survey further showed that 81 per cent of the respondents said that the extra time will not bring in any extra business.

"As many as 83 per cent of the responses say no to both trading on Saturday and global alignments," the report added.

The survey comes on the back of market regulator Sebi reportedly receiving proposals to extend stock trading hours till 7.30 p.m.

Current, market framework mandates that trading hours commence at 9 a.m. and close at 3.30 p.m.

There is also a 15 minutes pre-open and post-closing sessions each.

--IANS

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