New Timings come into effect for BSE and NSE

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New Delhi: Indian share market new Timings come into effect for the Bombay Stock Exchange and National Stock Exchange and the bourses will open for trade at 9:00 am instead of 9:55 am and will close at the usual time of 3:30 pm. The Bombay Stock Exchange and National Stock Exchange scheduled to implement the new trade timings in Mumbai as earlier decided on 18th December. EBI had on23rd  October allowed stock exchanges to extend business hours from 9 am to 5 pm. Trading will start in equity segment of the BSE at 9 a.m. with effect from January 4, 2010, Monday," an NSE official told  the news agency. BSE in a statement said, "Based on the market feedback, it has been jointly decided by BSE and NSE that the revision of market open timing to 9 a.m. shall be effective from January 4, 2010.