Mumbai: India’s two main stock exchanges will bring forward the start of trading to 9am, from 9:55am effective from Friday, a move that had been expected since the regulator allowed extensions of trading hours two months ago.
The Bombay Stock Exchange, the owner of the benchmark Sensex index, and National Stock Exchange, which is the world’s largest single stock futures market, will open from 9:00am to 3:30pm, officials at the two bourses said.
THe BSE, Asia’s oldest stock exchange, on Tuesday said it would advance trading by 10 minutes to increase investor focus in the derivatives segment, prompting the NSE on Wednesday to say it would start trade at 9:00am. The BSE immediately followed suit.
The NSE, which has about 1,400 listed companies boasts a daily turnover that is treble that of BSE.
The capital market regulator on 23 October said it would allow stock exchanges to set their trading hours between 9:00am and 5:00pm Indian exchanges are currently open between 9:55 a.m and 3:30pm.