BSE Brokers Suggested reconsideration of opening at 9am

The Sensex recovered around two-third of its Monday’s losses on firm global cues and closed the session 91 points higher. Metal, banking, realty, power and telecom were the leading sectors in trade today along with heavyweight Reliance Industries. The Nifty was unable to cross the 5,000 mark because of selling in cement stocks, and ONGC, TCS, HDFC Bank, Ranbaxy and HUL limited the gains.

The Management Committee of the BSE Brokers Forum met on the December 21, 2009 to discuss the proposed change in the market timings from January 4, 2010, as per press release.
BSE Brokers Suggested reconsideration of opening at 9am

The Committee unanimously reiterated its stated position, as also submitted to the regulator in April 2009, of strong reservations in advancing market opening time to 9 am. No clear benefit to any of the market participants/ stakeholders/ institutions/ retail investors seems visible due to the said move. This has been reaffirmed by 79% of the trading members of BSE in a survey conducted by the BSE Brokers Forum in November 2009. It is noteworthy that no sections of the markets have demanded any such move and there is no consensus on the matter.

The Forum encourages the Stock Exchanges to be conscious of their socio economic responsibilities as public bodies and keep in mind the interest of the other stakeholders of the Capital Market and the investing community at large.

Related posts:

1. Watch ICC Cricket World Cup 2011 Opening Ceremony live Watch ICC Cricket World Cup 2011 Opening Ceremony live The...
2. Rishabhdev Technocable Limited IPO Information Rishabhdev Technocable Limited IPO Information - Public Issue Open: June...
3. Reliance Industries RIL Bonus Shares | Ril 1:1 bonus Reliance Industries RIL Bonus Shares | Ril 1:1 bonus Reliance...
4. Dubai Stock Market Live | Dubai Stock Market Online Dubai Stock Market Live | Dubai Stock Market Online Economists...
5. Smartinvestment.in | smartinvestment | smartinvestment India Smartinvestment.in | smartinvestment | smartinvestment India Smart Investment is the...