Sebi discussion paper on trading hours soon

SEBI will be shortly coming out with a discussion paper on extension of trading hours on stock exchanges. So far, only a proposal to extend trading hours for the equity derivatives segment was under examination. The regulator is considering whether the extension in trading hours should apply on other segments like the cash market and currency derivatives as well. Uppermost in the consideration for across the board extension in tradings hours is whether the banking and clearing system will be able to cope with the increased load. A few months ago, NSE had sought Sebi permission to start trading in Nifty futures before the normal trading hours. It wanted trading Nifty futures to start at 8 am to coincide with the Nifty futures trading on Singapore Exchange (SGX).
Rolta stock seen going Akruti City way
AKIN to Akruti City, Rolta India has also been witnessing an unusual build-up over the past one week. If one discounts Rolta's weak closing on Wednesday (down 3% at Rs 51.95), the stock has appreciated over 21% over the past five trading sessions. According to brokers, a Singapore-based foreign institutional investor has been accumulating the stock in sizeable numbers. This apart, "friendly circles" are also strengthening their positions in the stock, according to market talk. Analysts said, currently, Rolta has only one visible positive factor in strong order book going in its way. "But going ahead, as a result of economic downturn, there is a risk of order book weakening," said a Mumbai-based broker. Analysts are also not happy about the company's higher-than-expected capex plans.