BSE, NSE open early; trade volumes expected to rise
By | Published: January 5, 2010
The Mumbai Stock Exchange opened one hour on Monday and will from now on will open at 0900 hrs IST everyday.
Traditionally the bustle started at Dalal Street at 1000 hrs IST but all that changed as the BSE opened the markets at 0900 hrs IST on January 4, 2010.
The move is expected to affect the volume of trading but regulars at Dalal Street don’t seem too keen about this change in their daily schedule.
Girdhari Saraf has been setting up his makeshift share transfer certificate trade in Dala Street for the last 15 years, travelling everyday from Bhayander.
However, change in timing is not something he is looking forward to.
“Many people come from very far. If the markets open at 0900 hrs IST they will not be able to reach on time,” says Girdhari Saraf.
Though Mumbai is known as an extremely professional city that never sleeps, most regulars at Dalal Street seem to be reluctant to give up on their morning sleep to catch up on extra trade.
The broking community says that while it might be useful for some investors, it will create problems for the backend operations and staff.
BSE, NSE open early; trade volumes expected to rise
The Mumbai Stock Exchange opened one hour on Monday and will from now on will open at 0900 hrs IST everyday.
Traditionally the bustle started at Dalal Street at 1000 hrs IST but all that changed as the BSE opened the markets at 0900 hrs IST on January 4, 2010.
The move is expected to affect the volume of trading but regulars at Dalal Street don’t seem too keen about this change in their daily schedule.
Girdhari Saraf has been setting up his makeshift share transfer certificate trade in Dala Street for the last 15 years, travelling everyday from Bhayander.
However, change in timing is not something he is looking forward to.
“Many people come from very far. If the markets open at 0900 hrs IST they will not be able to reach on time,” says Girdhari Saraf.
Though Mumbai is known as an extremely professional city that never sleeps, most regulars at Dalal Street seem to be reluctant to give up on their morning sleep to catch up on extra trade.
The broking community says that while it might be useful for some investors, it will create problems for the backend operations and staff.