17 December 2009

My life and mumbai's mornings are going to change

NSE/BSE to open trade at 9 AM

It was announced that Trading will begin at 9 AM from Friday (18th December) instead of 9.55 AM currently. On 17th Dec Morning i.e. today, I witnessed emotional scenes in train. "train Friends" - the category of friends only found in Mumbai were saying good bye to each other as their years of togetherness every morning was set to undergo a change with groups being divided into 2 i.e. "market wale" and "others". Promises were being made and numbers getting exchanged to keep in touch and meeting on Saturdays to enjoy "nashta" which is brought by fellow commuters. People were also getting advised for train timings around 7 AM, so that they can reach offices by 8.15 - 8.30. Today one more announcement came, which suggested that instead of early trade from tommorrow, It will be from 4th Jan. So, the misery starts from Jan 4, and not tommorrow. Currently RTGS transactions start at 9.45AM. Expect Banks to start this at 8.45AM before Jan 4.

Life is going to change a lot for me as well. Normally, we need to reach office at least 40-45 minutes before the market opens. I need to put alarm of 5.45...gone are the days, when i used to sleep till 7AM. I can't think of having breakfast at home (6.30 AM is too early for breakfast) now, which i thought i will have after wedding. I can't read news paper with morning tea (unless my news paper delivery boys prepones his schedule by 1 hour). Morning rush hour in Mumbai, which used to be 8-10 AM has been extended by 1 hour. Currently we see rush after 7.30 from Borivali towards Churchgate, which will shift to 6.45 onwards. Commuters who are not related with markets and travel after 8 AM were hoping to see less crowded trains as "market guys" travel from trains starting between 7-8 AM rather than 8-9 AM trains. Those who used to move out of home early to avoid traffic on road, may have to move out late now to avoid traffic!!

Who all are going to be affected apart from "market guys" - Their families of course, then bankers who have to start RTGS at 8.45 AM, people who wash cars, drivers, newspaper (as lot of guys take paper from home to read in train), vendors who sell breakfast at footpath in Nariman point and lots more...