BSE to start trading at 9:45 am from Dec 18

2009-12-15 19:50:00

People walk past the Bombay Stock Exchange (BSE) building in this January 2...


The Bombay Stock Exchange (BSE) on Tuesday said it will advance trading hours by 10 minutes from Dec 18, in a move to increase investor focus especially in its equity derivatives segment.

Trading in the equity and equity derivatives segment will commence from 9:45 a.m. onwards, instead of the present timing of 9:55 a.m., the BSE said in a statement. There will be no change in the closing time of 3:30 p.m.

"By opening ten minutes early, we hope to increase focus on the launch of our mid month derivatives contract on the coming Friday," Madhu Kannan, managing director and chief executive of BSE said in a statement.
The turnover for BSE in the equity derivatives segment is negligible compared with the National Stock Exchange, which dominates this segment.

The BSE has about 5,000 listed companies, more than any other bourse in the world, while the NSE has about 1,400. But the daily average turnover for the NSE in 2009 has been triple that of the BSE.

"The BSE needs to act to bring back interest in its derivatives segment. This should be looked at in the context of our various initiatives of bringing liquidity back to BSE," Kannan said.

There will not be any change in timings of any other session in both the segments and the block deal window timings will remain the same, the statement added.