FOREX UPDATE

Under the instructions of the securities and exchange board of India (SEBI), the two stock exchanges, National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have decided to change the opening of the stock markets. The two stock exchanges will open at 9 am, instead of 9:45 am from 4th January, which will be the first trading day of the year 2010.

According to one of the market analyst, the two exchanges are still trying to work out a common decision. Their postponement of the date of early opening to two weeks can’t cool down the protests from the brokers.