Indian stock exchange regulator approves longer trading hours

SEBI, the stock market regulator of India, has permitted for extending the daily trading hours in National Stock Exchange (NSE) to 9 a.m. to 5 p.m. (IST) from Monday to Friday.

The NSE is the premier stock exchange in India, which mops an average turnover of over $ 1500-$1700, and includes trading on a cash delivery basis, as well as future and options system.

NSE and BSE, the other major stock exchange in India, has already attracted an aggregate of over $10 billion foreign institutional inflows, and has surged by close to 64% since the start of this year, thus emerging as one of top performing indices amongst the BRIC countries.