Leading stock exchanges are considering a plan to extend its trading timing by 2 to 5 hours so as to better align Indian markets at par with global trends and boost business.
At present, trading commences on the Exchanges at 9.00 am and closes at 3.30 pm, with 15 minutes each of pre open sessions and post closing hours.
There is further a proposal to align the timings of equity market in line with commodity derivatives which are being traded till late evening hours. The different proposals on the table include extending trade hours till 5.00 pm, 5.30 pm and 7.30 pm.
In the very past, the exchanges had recommended to extend the timings, but the recommendations have always met with a strong opposition from brokers.
Brokers concern is that they would have to call employees in two different shifts for over 10 hours trading period and all their customers would have to be assigned no less than two relationship managers.
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