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Stock Market Holidays For United States Markets

2010 U.S. Stock Market Holidays

* New Year’s Day- January 1, 2010
* Martin Luther King, Jr. Day- January 18, 2010
* President’s Day- February 15, 2010
* Good Friday- April 2, 2010
* Memorial Day- May 31, 2010
* Independence Day- July 5, 2010 (observed for July 4)
* Labor Day- September 6, 2010
* Thanksgiving- November 25, 2010
* Christmas Day- December 24, 2010 (observed for December 25)

NYSE, AMEX and NASDAQ Early Closing Days 2010

On November 26, 2010, NASDAQ and the NYSE cease trading at 1:00pm EST. On December 24 and December 31, 2010, NYSE cash markets close at 1:00pm GMT.

Tags: stock markets holidays

Stock Update/Tips

ECONOMY : Govt indicates that it prefers RBI to refrain fm hiking key policy
rates at this juncture, despite rising inflation.. Govt also pitches for
continuing with fiscal stimuli for atleast two more quarters, indicating the
forthcoming Budget is unlikely to reverse the cuts in excise duty/service tax

RIL : SEBI to consider appropriate action against co for allegedly routing
funds to dummy cos for buying large quantity of its own shares in 2000

HDFC : plans to disburse Rs30bn over the next two months under its spl.loan
scheme launched early this month

REAL ESTATE : HDFC V.Chmn says home loan interest rates are unlikely to move
up even if RBI hikes the cash reserve ratio as there is ample liquidity

L&T : President (Operations) cos sales wud grow at 14-15% in FY10 & op.margin
wud increase to 14% by Mar 10

NTPC : proposes to build a power project in Ghana in retrn for liquified
natural gas

AXIS BANK : puts overseas bond issue on hold as it waits for spreads to
narrow before it raises funds

DR REDDY’s : plans to launch generic version of Lipitor which has annual
sales of >$12bnin US mkts in next 2-3 yrs

BHARATI SHIPYARD : to consider another open offer for 20% more @ Rs 590/share
to acquire mgt control of Great Offshore

WELSPUN GRP: merging 3 promoter owned investment cos into Welspun investments
to unlock value and help raise funds

NIIT : has deferred its plans to raise Rs2.3bn thru QIP

INDUS IND BANK : says it has presented a roadmap to RBI on bringing down the
promoter stake to 10% over the next 2-3 years

PBA INFRA : bags order worth Rs 1.45bn from Oriental Structures Engineers

INDIABULLS FIN : ends JV with Societe Generale for Life Insurance

ONGC : declares Rs 18/shr mid yr dividend

Trading hours extension – Brokers hail breather

Here is a verbatim transcript of the exclusive interview with ENC Palaniappan, Dharmesh Mehta and Dipan Mehta on CNBC-TV18.

Q: What will the ANMI do between now and the January 4? Are you going to try and talk to NSE and say we are not ready for it instead of deferring it to the 4th January, we need far more time to debate and discuss this?

Palaniappan: Definitely. We are having a board meeting of ANMI on the December 20, so a lot of decisions will be taken on that day. We will continue to express our concerns to the exchanges on extended hours because majority of our members are not in favour of it still. We will also take up all the infrastructure issues with the exchanges saying that what the problems are in doing this. In any case we must say that we very thankful to Securities and Exchange Board of India SEBI and the exchanges for this announcement of at least giving us time till January 4 – to come back to them, to get ready or whatever way it happens.

Q: What do you think between now and January 4 something will change. The exchanges will change their mind or it looks like a done deal?

Dharmesh Mehta: I do not think it’s a done deal and at least the exchanges have moved to move this back to January 4, 2010 and that gives more time for some discussion. I think most considered view will be considered after hearing all market participants.

Q: The statement coming from exchange is that the extensions of trading hours is delayed, it will happen but brokers will get more time – is this only issue that you need more time to prepare for this extended hours or you have no complaint with extended hours per se?

Dipan Mehta: We have an issue with extended trading hours because it does not make any sense by extending by 55 minutes, they don’t serve any purpose except to put more stress on the system and affect the human element in the entire stock market operation and this could be the beginning of maybe a rethink or change heart on part on the exchanges because it requires more time to take appropriate action or give adequate advice or representation to Sebi and to the stock exchanges themselves. So it’s a step in positive direction because once you extend the trading hours it will be regressive to reduce it so it is a good development that at least it’s been postponed.

Q: Your reactions to extended trading hours delayed?

Dipan Mehta: Maybe there was just a change of thinking. I think maybe what point they have noted is short notice has been given to the community to prepare for one hour earlier opening and they have just about given adequate notice for the market participants.

Q: Is it good for India, is it good that institutional investors can get into the market one hour in advance and there is no law that everyone has to switch on the terminal?

Dipan Mehta: I don’t think so, in any case offices start work at 9 am because there is preparatory activity to be taken before the market hours and that is not just at the broking houses but also the fund houses, insurance companies, banks every single participant is anyway starting his operations 30-40 minutes or one hour before the market opens.

via CNBC-TV18 – Brokers hail breather in trading hours extension.

Tags: market timings, news update