Country stats & important agreements/decisions to be announced during India market hours
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All major decisions that affect Indian markets like ad hoc rate cuts, signing of treaty, GDP numbers, IIP numbers and many other key statistics are announced either late in the evening after the market closes or at about 8:30 am in the morning (next day). This leads to reaction which ends up having a big gap opening the next session. While traders trading in Singapore Nifty can make best use of it, this ends up affecting the pattern of Indian markets.
The recent announcement of Mauritius treaty by Ministry of finance is a classic example of why any announcements should be during market hours. We have seen RBI cutting rates in ad hoc fashion on 15th January 2015 which again affected & there are many instances in the past like this.
The traders/ short term investors of equity/ currency who believe in keeping a stop losses or certain levels to exit end up losing more & thus wipe of their capital.
The request is to initiate all the announcements as much as possible during market hours of India equity. This also affects currency markets & thus makes a huge impact on the country's wealth atleast for that particular day/ week.
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