In a race to ring the opening bell first, both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) have managed to settle at 9am, starting Friday.
On the back of the BSE’s announcement on Tuesday that it would open at 9.45am, the NSE announced on Wednesday that it too would be extending its market hours, starting at 9am instead of 9.55am as is the current practice. The BSE, subsequently, modified its earlier notice to bring its timings in line with its rival exchange.
The Securities and Exchange Board of India had allowed exchanges to be open between 9am and 5pm in a statement in October. However, brokers had been reluctant to trade for eight hours daily, and the banking infrastructure too was not ready to handle trades in the latter half of the day.
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