On 5 jan, 2009 SEBI taken the decision of increasing trading hours by 55 minutes, from 9:55 am to 9:00 am, while closing time left unchanged at 3:30pm. Many brokers shown discontent on this move because this 55 minutes increment will increse burden on the broker's part and will lead to inefficiency because they have to open office at 8:00 am and in metro cities it usually takes couple of hours to reach the office. This move has been welcomed only because SEBI wanted to align the Indian equity market with International market, mainly because of Singapore , SGX nifty which is nothing but the nifty 50 which is traded in Singapore stock exchange, which opens three and half hours before Indian stock market opens. This SGX nifty helps to know the FII stand in indian market, In Singapore stock exchange no trading is allowed only in derivative market (F & O)nifty future trading is allowed.On the very first of this extended hours nifty fell down but the reason expressed was lack of FII participation rather than impact of changing hours. No major change has taken places ,no volume , no profitablity has increased as expected.
Monday, February 1, 2010
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