Aiming for a higher alignment of Indian markets with global markets to reduce the impact of global events on Indian stocks, brokers are looking at a lower number of trading holidays, with a favourable response from stock exchange managements.

“A proposal has been sent to the Association of NSE Members (ANME) and their central board has agreed to it,” said a source close to the development. “To take it forward, the associated risk of higher number of holidays has to be explained to regional brokers to make it unanimous.”

Full story at: BusinessWeek