NSE and BSE To Conduct Extended Trading Session On 21 Oct 2014
Dhanteras Extended Trading Session will be Conducted by NSE and BSE on October 21 in Capital Market Segment. This extended session is in addition to normal trading on both exchanges. This special session will be ONLY FOR Gold Exchanged Traded Funds (ETF) on exchanges. Timings for extended trading session are from 16:30 Hrs to 19:00 Hrs. BSE has decided to waive off transaction charges in transactions in GOLD ETF on this day.
The following ETF’s (Gold) can be traded in this session in NSE.
Gold ETF’s In Dhanteras Extended Trading Session
Similarly, the following Gold ETF’s are traded on BSE on this Dhanteras Extended Trading Session on 21 Oct.
Axis Mutual Fund – Gold ETF
Birla Sun Life Mutual Fund – Gold ETF
Goldman Sachs Mutual Fund – Gold ETF
HDFC Mutual Fund – Gold ETF
ICICI Prudential Mutual Fund – Gold ETF
IDBI Mutual Fund – Gold ETF
Kotak Mutual Fund – Gold ETF
Quantum Mutual Fund – Gold ETF
Reliance Mutual Fund – Gold ETF
Religare Mutual Fund – Gold ETF
SBI Mutual Fund – Gold ETF
UTI Mutual Fund – Gold ETF
Motilal Oswal Mutual Fund-MOSt Shares Gold ETF
Canara Robeco Mutual Fund – Gold ETF
There will not be no post close session for Gold ETF Securities. Usually Exchanges conduct Dhanteras Extended Trading sessions on the auspicious occasion of Dhanteras.
Outstanding orders i.e. unmatched orders at 15:30 hrs of Gold ETF securities will be carried
forward to extended trading session. However, members can cancel these orders during the
pre-open period viz.16:25 hrs to 16:30 hrs.
Most Investors buy Gold ETF’s during Dhanteras extended trading session as it is considered auspicious to buy gold on this day. Gold ETF’s are better option than buying physical gold. The reason being various advantages with Gold ETF’s like no wastage, no fear of theft etc. At present Gold is trading at lower levels internationally but not in India due to increased tax to contain Current Account Deficit and Rupee Depreciation. Once the tax is reduced Gold Prices may fall further. A similar decrease can also be expected with rupee appreciation.
For investment purpose one should take these factors into consideration.