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Exchanges to start trading at 9am from Jan4,2010
This is not a Coke versus Pepsi kind of situation and I don't think leading institutions who run policies in this country can afford to behave like that. That has more than anything, left a bad taste in the mouth." That's how CNBC-TV18's Managing Editor Udayan Mukherjee summed up the chaos that resulted in both the BSE and the NSE advancing market open timings to 9 am with effect from Dec 18, at such short notice. Now, both exchanges have delayed extension of trading hours. The exchanges to start trading at 9am from Jan 4. A joint statement from BSE and NSE is expected shortly.
Earlier in the day today, CNBC-TV18's National Editor Vivek Law had learnt from sources that the Sebi had asked stock exchanges to sit across the table on the timings issue. "Sebi does not like this one upmanship and has asked the exchanges to sit across the table and discuss this important issue, instead of taking decisions on a knee-jerk basis," Law said.
