Trading at the Bombay Stock Exchange will now start 10 minutes earlier than usual - at 9.45 a.m. instead of 9.55 a.m.
SEBI in October had given permission for the stock markets to operate between 9 to 5. The brokers and the bankers were not too happy with this decision. So BSE has decided to advance its operating hours in a phased manner. You can expect the NSE to follow suit very soon.
The other thinking was that since FIIs are a big part of for the Indian market. Singapore and Hong Kong go for lunch at 10 am Indian time. If we start the markets at 9:45 am we give the guys in Hong Kong and Singapore to do some trading before they go in for lunch.
Last month, BSE changed the expiry date of monthly index F&O contracts to the third Thursday instead of the last Thursday of each contract month. BSE has also introduced weekly options to bring some interest into the derivative market.
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