Mumbai brokers oppose extension of trading hours: Survey
Mumbai, Nov 24 (IANS) An overwhelming majority of brokers of the Bombay Stock Exchange (BSE) are opposed to any extension of trading hours, according to a survey report released here Tuesday.
The survey, conducted among 418 trading members by the BSE Brokers’ Forum, showed that 79 percent of stock brokers do not favour any change in the current trading hours of the BSE.
Among the proponents for the change, five percent were in favour of extending the hours in the evening session and seven percent wanted it extended in the morning session.
A mere eight percent wanted the trading extended both in the morning and evening sessions, said forum secretary Uttam Bagri in a statement.
‘The survey indicates that the trading members do not welcome the planned change in the trading hours, there would be no benefit to the Indian capital markets in terms of getting volumes of the Asian markets or getting a trend of the US markets,’ Bagri said.
The issue of extending the trading hours for the BSE has been a subject of intense debate in recent months.
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