Mumbai, Jan 4 : The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) new timings for trade from Monday will be 9 a. m. instead of 9:55 a. m.

The bourses will close the trade at the usual time of 3:30 p. m.

The decision to implement the new trade timings was taken on December 18, 2009.

Market regulator SEBI had on October 23 permitted the stock exchanges to extend business hours from 9 a. m. to 5 p. m.

"Trading will start in equity segment of the BSE at 9 a. m. with effect from January 4, 2010, Monday," said an NSE official.

The BSE in a statement said, "Based on the market feedback, it has been jointly decided by BSE and NSE that the revision of market open timing to 9 a. m. shall be effective from January 4, 2010."

In October 2009, the SEBI had allowed stock exchanges to fix trading timings between 9 a. m. and 5 p. m. (ANI)