BSE and NSE to function at new timings from January 4

Mumbai, Jan 4 (ANI): The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) new timings for trade from Monday will be 9 a.m. instead of 9:55 a.m.

The bourses will close the trade at the usual time of 3:30 p.m.

The decision to implement the new trade timings was taken on December 18, 2009.

Market regulator SEBI had on October 23 permitted the stock exchanges to extend business hours from 9 a.m. to 5 p.m.

"Trading will start in equity segment of the BSE at 9 a.m. with effect from January 4, 2010, Monday," said an NSE official.

The BSE in a statement said, "Based on the market feedback, it has been jointly decided by BSE and NSE that the revision of market open timing to 9 a.m. shall be effective from January 4, 2010."

In October 2009, the SEBI had allowed stock exchanges to fix trading timings between 9 a.m. and 5 p.m. (ANI)