To ensure ease of operation for investors, the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) are exploring the possibility of synchronizing trading timings for all markets, including stocks, bonds, currency and commodities. For ET report
Currently, financial markets like Bonds, Rupee, Interbank Call Money and Tripartite Repo open at 10 am, which has now been changed from April 18 to 9 am. The markets will close at 3.30 pm. The stock markets open at 9 am for the pre-market session and at 9.15 am for the regular session, which closes at 3.30 pm.
“Inter-regulatory discussions are now examining the feasibility of such a proposal. The central bank has started working on a plan,” a source was quoted as saying in the report. The banking regulator has also sought comments of market participants on the proposal. ,
He said the move is aimed at ensuring ease of operation for investors looking to stake bets across asset classes as well as back-end staff across intermediaries.
The equity market follows a trading settlement period of T+2 days. Government bonds follow T+1 and corporate bonds are settled in T+1 days.
“Uniformity in settlement procedures and timing across different asset classes such as equities, government bonds, corporate bonds, etc. can help investors,” said Sriram Krishnan, managing director (global transaction banking), Deutsche Bank.
According to a report, the decision to declare February 7 as a holiday, the day when Lata Mangeshkar passed away, put the stock market at a major risk as exchanges decided to keep their shops open despite banks and forex markets being closed. decided. Currency and forex markets were closed on February 7 but trading in the stock market was open, making it difficult to arrange funds.
On Monday, the BSE Sensex closed at 58,995.48, down 451.7 points. Tata Consultancy Services, Infosys, and HCL Tech, the leading information technology (IT) giants, are looking to pay the final dividend for the financial year 2021-22 (FY22), as well as the fourth quarter for the financial year ended March are announcing the results. 31, 2022.
Infosys on April 1, 2022 informed NSE that it will release the results for the fourth quarter and year ended March 31, 2022 at 4 PM Indian Standard Time (IST) on Wednesday, April 13, 2022. The Board of Directors of the Company shall publish in the meeting the audited standalone and audited consolidated financial results for the financial year ending March 31, 2022. In addition, the final dividend will be recommended for the financial year ending March 31, 2022.
Analysts at Kotak Institutional Equities expect the overall net profit of companies belonging to the BSE-30 index to grow 26 per cent year-on-year for the fourth quarter of FY22. Nifty 50 companies can register a net profit growth of 27 per cent.
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