- A SEBI advisory committee is likely to discuss extension of market trading hours
- Trade hours could be extended till up to 7.30 p.m. to better align domestic trading with global markets
An advisory committee of the Securities and Exchange Board of India is likely to discuss a proposal for extending stock market trading hours, even as several brokers feel any such move would increase cost and logistics burden for them.
The stock market in India currently opens at 9 a.m. and closes at 3.30 p.m., but there is a view, including among stock exchanges, that the trade hours could be extended till up to 7.30 p.m. 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, which is scheduled to meet on Monday. Various proposals on the table include extending trade hours till 5 p.m., 5.30 p.m. and 7.30 p.m.
Metropolitan Stock Exchange of India (MSEI) had earlier announced extension of trading hours in its equity segment from 9 a.m. to 5 p.m. from July 7.
However, within a day it withdrew the circular.
The SEBI, in October 2009, had permitted the stock exchanges to set the trading hours between 9 a.m. and 5 p.m.
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