Extended trading hours form 27th November,2009

Finally it has been announced that extended trading hours from 9.00 a.m. to 5.00 p.m will be implemented w.e.f. 27th November,2009. But, that does not solve the problems connected with overnight volatility especially gap up/down opening based on global cues(US & Asian markets). We are able to take tickets for air/rail/road journey to be performed next day to many days in advance. Singapore stock exchange is having T+1 day trading. It would be beneficial if T+1 day trading system is implemented in India also, during the proposed extended trading hours between 4.30 to 5.00 p.m. Normal trading as being done now can be had between 9.00 a.m to 3.30 p.m. After a gap of one hour at 4.30 p.m. orders can be placed for the next day trading which can be continued on next day morning after a break. If possible, the timing can be extended later on up to 8.30 p.m. to cover the opening of US markets. That will mitigate many problems faced by brokers/mutual funds due to the proposed late closing of the trading hours. Concerned authorities may please think over it and take appropriate action.