Posts Tagged ‘Asian markets’

Trading Hours of Bourses Extended by SEBI :)

Trading Hours of Bourses Extended by SEBI

Trading Hours of Bourses Extended by SEBI

Market regulator SEBI on Friday extended the trading hours of bourses by up to two-and-a-half hours from 9 am to 5 pm, a move that may help in bringing back the trade that was seen shifting to Singapore Stock Exchange.


It has been decided to permit the stock exchanges to set their trading hours (in the cash and derivatives segments) subject to the condition that the trading hours are between 9 am and 5 pm,” SEBI said in a statement.

The new trading hours would now help integrate the Indian bourses with Singapore and other Asian markets in the morning hours, and the European market in the evening hours, said SMC Capitals Equity Head Jagannadham Thunuguntla.

“Some trade that had shifted to SGX Nifty (Indian Nifty traded in Singapore Stock Exchange) can now be brought back to the country,” he said.

The current market hours stand from 9.55 am to 3.30 pm.

In Singapore, trading sessions are held between 9 am to 12.30 pm and 2 pm to 5 pm (local time).

In addition, there is pre-open routine from 8.30 am to 9 am and pre-close routine from 5 pm to 5.06 pm.

Singapore is around two and a half hours ahead of India.

This would provide an opportunity to NSE to try and align their timings to that of a few Asian markets like the SGX since this exchange permits trading in Nifty.

With market regulator SEBI now allowing longer trading hours, it is now up to the bourses to decide on the duration and when to reset their trade timings.


Thunuguntla said, “All stock exchanges are likely to go for the maximum possible trading hours as they have been demanding it to be extended to 9 am to 9 pm.”

He said there is a serious competition ongoing between Bombay Stock Exchange and National Stock Exchange, and then there is the new competitor MCX-SX.

“I will be surprised if any bourse not utilises the full timing,” he added.


Corporate India, global cues push Sensex to 13-month high

Corporate India, global cues push Sensex to 13-month high

Corporate India provided a much needed boost to investors this week and buying interest at Indian equities markets resurfaced in the wake of a good set of earnings reports, pushing a key index to a 13-month high.


Other Asian markets also provided a prop to their Indian peers, with some key indices touching new highs.

The 30-share sensitive index ( Sensex) of the Bombay Stock Exchange (BSE) rose 291.35 points or 1.89 percent over previous Friday’s close and ended trade at 15,670.31 points.

This was its highest closing figure since June 17, 2008.


The broader S&P CNX Nifty of the National Stock Exchange (NSE) followed the Sensex, moving up 1.5 percent from its last weekly close to end at 4,636.45 points.


Lesser market capitalized scrips did better with the BSE’s midcap index closing 3.52 percent higher than its previous weekly close, while the BSE smallcap index was up 2.57 percent.


Data with markets watchdog Securities and Exchange Board of India (SEBI) showed that foreign funds were net buyers during the week, having bought scrips worth $735.7 million.

In July, foreign investors bought a total of $2.28 billion.


‘Positive results by corporates is proof that the economy is on the verge of a turnaround. This will continue to help the markets gain momentum,’ said Jagannadham Thunuguntla, equity head at SMC Capitals.


The Nifty, however, closed 0.08 percent higher at 4,572.3 points. πŸ™‚

The Reserve Bank of India (RBI) announced the first quarterly monetary policy review on Tuesday, but it turned out be a non-event for the markets with the central bank maintaining a status quo on key policy rates.

The week’s top gainers on the Sensex were Ambuja Cements (up 14.1 percent), Tata Motors (up 13.1 percent), Tata Power (up 11 percent), TCS (up 9.1 percent) and ITC (up 7.3 percent).

Among losers were Hero Honda (down 7.5 percent), Grasim (down 3.4 percent), Cipla (down 3.1 percent), Reliance Industries (down 3 percent), and Reliance Power (down 2.6 percent).

Market trading firm: Sensex hits 10-month high :)

Sensex hits 10-month high

Sensex hits 10-month high

After a gap up opening, the domestic markets are marching towards the northward on the back of strong rally across other Asian markets. Further, bulls are driving the major Indian bourses to its highest in 10 months, with an expectation that the government will increase public spending in the budget next month to boost economic growth.

Buying interest has emerged across all the sectoral indices.

Among the BSE sectoral indices, Metal, Consumer Durable (CD) and Capital Goods (CG) stocks gained by 3.80%, 3.51% and 3.46% respectively.

Overall market breadth is positive. Out of the total 2,482 stocks traded at BSE, 1,670 advanced, 759 declined while 53 remained unchanged.

Gainers from the BSE Sensex Pack are Tata Power Company Ltd,HDFC Bank, Reliance Infrastructure, L&T, Sterlite Industries and ONGC.

SMC Global Securities : Money Wise Be Wise !