Indian share markets to open on budget day on Feb. 28

Image
Reuters MUMBAI
Last Updated : Feb 20 2015 | 10:05 PM IST

MUMBAI (Reuters) - India's share markets will open for regular trading hours on Saturday, Feb. 28, when the government is due to unveil a much- anticipated budget for the fiscal year starting in April, the country's two main exchanges said on Friday.

The announcement from National Stock Exchange and BSE Ltd came after brokers had requested markets open on budget day, since trading volumes typically surge on the announcement of initiatives geared towards individual sectors.

Investors expect Finance Minister Arun Jaitley to announce a number of economic reforms in this year's budget, which will be the second since Prime Minister Narendra Modi was elected last May.

(Reporting by Abhishek Vishnoi; Writing by Rafael Nam; Editing by Susan Fenton)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 20 2015 | 10:01 PM IST

Next Story