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Sebi looking into suggestions for trade hrs extension till 5pm

Press Trust of India  |  New Delhi 

Market regulator is looking into suggestions for extending trading hours till at least 5 pm, sources said.

The in currently opens at 9 am and closes at 3.30 pm, but there is a view -- including among stock exchanges -- that the trade hours could be extended to better align domestic trading with

Before taking a final decision, will take into account inputs from the and the RBI, after which a consultation paper may be issued for all the stakeholders concerned for any change to the trade timings.

Stock exchanges have earlier also proposed to extend the timings, but all such proposals have always with a strong resistance from brokers while regulator has so far maintained a neutral stance and wants any move to be based on views of all the stakeholders, including bourses and market intermediaries.

At present, the markets also have 15 minutes each of pre-open and post-closing sessions within the overall schedule of 9 am to 3.30 pm. Last time, the trade timings were changed in 2009 when opening time was changed from 9.45 am to 9 am.

The Securities and Exchange Board of (Sebi), in October 2009, had permitted the stock exchanges to set the trading hours between 9 am to 5 pm.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, September 11 2017. 20:57 IST