Mumbai brokers oppose extension of trading hours: Survey
November 24th, 2009 - 9:16 pm ICT by IANS ( Leave a comment )Mumbai, Nov 24 (IANS) An overwhelming majority of brokers of the Bombay Stock Exchange (BSE) are opposed to any extension of trading hours, according to a survey report released here Tuesday.
The survey, conducted among 418 trading members by the BSE Brokers’ Forum, showed that 79 percent of stock brokers do not favour any change in the current trading hours of the BSE.
Among the proponents for the change, five percent were in favour of extending the hours in the evening session and seven percent wanted it extended in the morning session.
A mere eight percent wanted the trading extended both in the morning and evening sessions, said forum secretary Uttam Bagri in a statement.
“The survey indicates that the trading members do not welcome the planned change in the trading hours, there would be no benefit to the Indian capital markets in terms of getting volumes of the Asian markets or getting a trend of the US markets,” Bagri said.
The issue of extending the trading hours for the BSE has been a subject of intense debate in recent months.
- Brokers oppose change in trading timings - Dec 24, 2009
- Sensex builds on morning gains, up 370 points in afternoon (Lead) - May 13, 2011
- Sensex rises in morning session - May 13, 2011
- Sensex slips from day's highs - May 26, 2011
- Sensex gives up gains, traders book profits - Oct 11, 2011
- Sensex rises ahead of budget - Feb 28, 2011
- Indian equities markets muted in early trade - May 10, 2011
- Sensex up 1 percent in morning session - Mar 30, 2011
- Sensex slides 0.28 percent to 19,926 points - Dec 24, 2010
- Sensex soars in afternoon trade (Lead) - May 31, 2011
- Sensex off morning highs in volatile trade - Jun 01, 2011
- Sensex starts week on strong footing - Feb 06, 2012
- Sensex closes 156 points lower ahead of monetary policy review (Roundup) - Apr 29, 2011
- Sensex continues 5-week rally, closes 102 points higher (Roundup) - Feb 06, 2012
- US downgrade continues to plague Indian markets (Roundup) - Aug 08, 2011
Tags: asian markets, bagri, benefit, bombay stock exchange, bse, current trading, evening session, evening sessions, favour, indian capital markets, intense debate, morning and evening, morning session, overwhelming majority, planned change, proponents, stock brokers, survey indicates that, survey report, uttam
