The Hindu Business Line : Banks may change timings if bourses extend trading

New Delhi, July 24 Banks and other financial institutions are likely to change their timings if the capital market regulator were to allow stock exchanges to extend their trading hours, the Lok Sabha was informed today.

The Securities and Exchange Board of India had placed a discussion paper titled “Increase in market hours of trading in exchanges” on its Web site on March 19 for seeking public comments.

“If and when implemented, banks/financial institutions are likely to take advantage of longer trading hours, depending on their business strategy and regulatory requirements,” Mr Namo Narain Meena, Minister of State for Finance, told the Lok Sabha in a written reply.

The capital market regulator had proposed extension of trading hours of the stock exchanges to align the domestic bourses with international markets. SEBI was of the view that extending the trade timings may enable market participants to take advantage of global information flows.

With the increased integration of the global markets, information originating from different countries has a bearing on Indian securities market, SEBI had said.

In the Asia-Pacific bourses, trading commences a little ahead of the Indian markets. The European and American markets open much later than the Indian markets.

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