Bourses defer time change on Sebi advice

Based on market feedback, both SEs issued a joint statement announcing that the revision of market open timing to 9 am shall be effective from January 4, 2010.  Till then, the current market open timing of 9.55 am shall continue. Market regulator Sebi, it is learnt, had prevailed on both the bourses this morning to sit across the table to sort out the timings issue amicably, rather than taking decisions on an ad-hoc basis without taking other market intermediaries into confidence
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Meanwhile, the Board of Association of National Exchange Members of India (ANMI) will be meeting on December 20 to debate over the implementation of new timings.

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