Mumbai, Dec 17: The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will start trading at 9 am from Friday, Dec 18, against the present opening time of 9:55 am.
The Indian stock exchanges have been lodged in a campaign to advance the trading hours in the morning and extend it in the evening to gain from Asian markets and invite foreign investment.
On Wednesday, Dec 16, the BSE announced its decision to start trading ten minutes earlier at 9:44 am against 9:55 am starting from Dec 18.
Following this announcement, NSE advanced its trading hours by 55 minutes, prompting BSE to follow the suit.
"With the change in other exchange's (BSE) timing, our market participants were concerned...there was a small sense of inevitability," NSE Managing Director & CEO, Ravi Narain told a television news channel.
This move comes in an effort to boost trading volumes and business by aligning with major Asian markets.