SEBI not in favour of extended market hrs on May 16

India Infoline News Service | Mumbai |

SEBI is of the view that extension of trading time would be of little use to small investors

Securities and Exchange Board of India is not in favour of extending trading time on May 16, the day the result of the Lok Sabha elections will be announced, according to a media report.
SEBI is of the view that extension of trading time would be of little use to small investors, the report added.
Last month, Association of National Exchanges Members of India and BSE Brokers Forum had sent the proposal to extend equities, market timing to Sebi and stock exchanges.
On May 16, the leads will start trickling in from morning but the final result is likely to come only after 3.30 pm, beyond trading time for the equities segment in India, the report said.
 

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