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.

BSE-Extension in Trading Timings

BSE-Extension in Trading Timings

In October, market regulator, Securities and Exchange Board of India allowed stock exchanges to set their trading hours between 9 am and 5 pm.

Bombay Stock Index(BSE) has taken the first step, towards this trading hours.

Today  BSE has announced that from December 18, 2009, there is a change in the trading hours. The timing has been extended by 10 minutes.

The present BSE trading timings are 9.55am to 3.30pm, and the new trading timings w.e.f. December 18, 2009, Friday are 9.45am to 3.30pm.

The complete BSE Notification can be accessed at

http://www.bseindia.com/cirbrief/new_notice_detail.asp?noticeid={07965150-5F30-4380-9109-AAB75CCD40C7}noticeno=20091215-8&dt=12/15/2009&icount=8&totcount=33&flag=0

Well to me, this seems to be the beginning for eventually moving to the 9am to 5pm cycle. BSE intends to take small steps at a time, so that all the Stake Holders i.e Brokers, BSE Operations Team, Bankers, Trading Public, have a smooth switch-over to the extended timings.

And, Friday is a good day to start auspicious matters.