Revised BSE and NSE Timings- 04/01/2010-04th January 2010

Revised BSE and NSE Timings:

It is the norm that the trading for BSE and NSE should be similar. This is for operational convenience as well as to minimize arbitrage opportunities between the two Stock Exchanges.

On 15^th December, 2009, BSE took the decision to modify its trading timings from 9.45 am to 3.30pm. This took NSE by surprise, and NSE retaliated by announcing new NSE Trading timings, i.e from 9.00am, on 16^th December, 2009

However, today i.e 17^th December, 2009, both BSE and NSE patched up and announced common Trading Timings.

The Common Trading Timings are 9.00 am to 3.30pm, w.e.f 04^th January, 2010.

A common Press Release has been uploaded both the in BSE and NSE Website.

The Press Release can be accessed @

http://www.bseindia.com/cirbrief/pr171209.asp

This means all the market participants i.e Brokers, Stock Exchange Personnel, Banking Personnel, have two weeks to gear up for the new timings.

Initially, everyone connected to the Stock Exchanges, feel that the volumes will not improve due to the extension of the trading timings.

However, I beg to differ, the Volumes will surely increase. It is very simple, everyone luvs to make money fast.

Now the moot point is whether the RTGS timings need to be changed, in view of the commencement of trading timings from 9.00am.

The present RTGS Customer Session commences at 9.00am, and as the Stock Markets (BSE and NSE) started at 9.55am, the Banks had sufficient time, to be ready for the Stock Market RTGS transactions.

But, with the new Stock market timings (BSE and NSE) of 9.00am, it has to be seen, how Reserve Bank of India, will respond. I am sure Reserve Bank of India, view also has been factored, when deciding the 9.00am deadline.