An advisory committee of the Securities and Exchange Board of India is likely to discuss a proposal for extending stock market trading hours.
The stock market in India currently opens at 9 a.m. and closes at 3.30 p.m., but there is a view, including among stock exchanges, that the trade hours could be extended till up to 7.30 p.m. to better align domestic trading with global markets. The 19-member committee is led by Jayanth R Varma, professor, Indian Institute of Management, Ahmedabad.
Important Takeaways from Above News-
- Ajay Tyagi is the Present Chairman of SEBI.
- SEBI was set up on 12th April 1988.
Source- The Bloomberg
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