SHARE MARKET TIMING CHANGE , THE REASON BEHIND IT
The ego battle between India’s two exchanges comes to a permanent halt. Bombay stock exchange advanced its timing by ten minutes, reacting sharply to it National stock exchange advanced its time by 55 minutes to 9 A.M. As there is no other option the Bombay stock exchange also announced opening at the same time. There is so many mixed reactions in the market most of the peoples object this arbitrary move.
The original move was to check the foreign fund managers using the Singapore market to beat the Nifty by short selling the Nifty futures options over the Singapore market. Even now also they could not resolve this problem, why because the Singapore is still open well ahead of our revised timings.
Before this revision the BSE will set bench mark prices because by that time NSE may remain closed and hence the BSE will set bench mark prices. But now the NSE will lose this opportunity.
But there is so many operational hardships are there. The banks will not open that much earlier hence arranging funds will be a problem other than the strain on their daily routine.
Most of the peoples related to this field oppose this arbitrary move and they feel that they should be consulted before taking this move.