SEBI extends trading hours for commodity markets
MUMBAI (Reuters) - The Securities and Exchange Board of India (SEBI) allowed exchanges to start commodity trading an hour earlier to increase participation of different stakeholders, the market regulator said in a statement on Friday.
The commodity markets can open at 9 a.m. local time (0330 GMT), instead of 10 a.m. now, the market regulator said.
The closing time for agriculture commodities has also been extended by 4 hours to 9 p.m., it said.
The commodity exchanges had requested market regulator to consider extending the trading hours considering the influence of overseas market on local prices.
(Reporting by Rajendra Jadhav)
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First Published: Nov 30 2018 | 5:11 PM IST