It is good sign that we will have extended trading hours.. Atleast this will result in higher overlapping time with London time, where many FII/ hedgies are having the base.
Probably this decision is result of their request.. IMO, This will make our market more sensitve ot global markets. As UK market opens, i.e. at 12.30/1.30 IST, within 2 or 3 hrs players start anticipating and start taking position for possible US mkt direction..and i.e by 3.30/4.30 IST.. So we might start seeing one more wave around 4.00/4.30 from FII.
So we have opening wave, then reversal of this.. and then lunch time silence of 1 or 2 hrs.. then UK mkt open impact, and then final wave of our mkt close.
Just going to give us more opportunities.. at the same time, on loosing day, if we are in habit of overtrading to recover the loss, then we might end up loosing more .. for another 2 hrs.
Good news.. and I am happy with this development.