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Sunday, October 10, 2010

Indian Exchanges to Start Pre-Open Session, Express Says

Oct. 8 (Bloomberg) -- The National Stock Exchange and the Bombay Stock Exchange will start a 15-minute pre-trading session from Oct. 18, the Indian Express reported, citing Ravi Narain, managing director of the National Stock Exchange.

The session will be a call auction, where participants place orders before the opening of trade and will run from 9 a.m. to 9:15 a.m., the newspaper said.

The two bourses will introduce the session on a “pilot” basis, and only stocks on the Bombay Stock Exchange Sensitive Index and S&P CNX Nifty Index will be available for trading, the newspaper said.