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Sebi advisory panel to discuss extension of trading hours

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Sebi advisory panel to discuss extension of trading hours
An advisory committee of market regulator Securities and Exchange Board of India (Sebi) is likely to discuss a proposal for extending stock market trading hours, even as several brokers feel any such move would increase costs and logistics burden for them. Currently, the stock market in India 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 till up to 7.30 pm to better align domestic trading with global markets. The proponents of this proposal feel extended hours can help boost trade volumes, thus generating greater revenue for exchanges, and help deepen the equity markets in the country. The proposal is likely to be discussed by Sebi’s Secondary Market Advisory Committee.

The Business Standard , New Delhi, 11th September 2017

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