According to a survey conducted by BTVi and Chrome DM on the extension of "Bourses trading hours", 77 per cent of the respondents across categories said: "They would not want extension in the trading hours."
The survey was conducted on 768 respondents who belonged to brokerages, sub-brokers, FIIs, mutual funds and investors from eight metro cities.
"In all, 51 per cent responses claim there would be no beneficiary from this change; 37 per cent say it will be the stock exchanges," the survey report said.
The survey further showed that 81 per cent of the respondents said that the extra time will not bring in any extra business.
"As many as 83 per cent of the responses say no to both trading on Saturday and global alignments," the report added.
The survey comes on the back of market regulator Sebi reportedly receiving proposals to extend stock trading hours till 7.30 p.m.
Current, market framework mandates that trading hours commence at 9 a.m. and close at 3.30 p.m.
There is also a 15 minutes pre-open and post-closing sessions each.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.