News Details- (Get Professional Updates on Whatsapp, Msg on
8285393786) More
News
BSE, NSE to operate as usual on March 23
Print"All segments at BSE will operate as usual on Monday, 23 March 2020," a BSE spokesperson said.
Similarly, all segments of NSE will also operate on Monday.
The news puts to rest uncertainty over the continuity of the stock market in light of the lockdown the central government has imposed on 75 districts of the country, including Mumbai City and Mumbai Suburban to combat the coronavirus outbreak.
The shutdown means that only services that qualify as essential will be allowed to be undertaken.
However, at the press conference announcing the shutdown today, the Health Ministry had mentioned that stock exchanges and banks were exempt.
Besides, the uncertainty over market operations also stemmed from not just whether exchanges have the necessary infrastructure to ensure seamless operations with many staff working from home.
It also was caused by expectations that the spread of the outbreak could result in extreme volatility.
Benchmark indices have already lost about 30 percent in one month. On Friday, SEBI announced a slew of measures to curb short-selling.
But SEBI and Finance Ministry officials CNBC-TV18 spoke to said curbing or shutting down market operations was not on the cards.
As of latest, the SGX Nifty was trading 598 points, or 6.81 percent, down -- wiping out more than Friday's bumper gains -- in an indication that shares could get pummelled when they open Monday.
None of the world's stock markets have resorted to shutting down operations despite the ongoing volatility. #casansaar (Source - CNBC TV18)
Similarly, all segments of NSE will also operate on Monday.
The news puts to rest uncertainty over the continuity of the stock market in light of the lockdown the central government has imposed on 75 districts of the country, including Mumbai City and Mumbai Suburban to combat the coronavirus outbreak.
The shutdown means that only services that qualify as essential will be allowed to be undertaken.
However, at the press conference announcing the shutdown today, the Health Ministry had mentioned that stock exchanges and banks were exempt.
Besides, the uncertainty over market operations also stemmed from not just whether exchanges have the necessary infrastructure to ensure seamless operations with many staff working from home.
It also was caused by expectations that the spread of the outbreak could result in extreme volatility.
Benchmark indices have already lost about 30 percent in one month. On Friday, SEBI announced a slew of measures to curb short-selling.
But SEBI and Finance Ministry officials CNBC-TV18 spoke to said curbing or shutting down market operations was not on the cards.
As of latest, the SGX Nifty was trading 598 points, or 6.81 percent, down -- wiping out more than Friday's bumper gains -- in an indication that shares could get pummelled when they open Monday.
None of the world's stock markets have resorted to shutting down operations despite the ongoing volatility. #casansaar (Source - CNBC TV18)
Category : Shares & Stock | Comments : 0 | Hits : 257
Get Free Daily Updates Via e-Mail on Income Tax, Service tax, Excise and Corporate law
Search News
News By Categories More Categories
- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
- Bank Branch Audit 2020 Updates
- Bank Branch Audit 2021 Updates
- Bank Branch Audit 2020 - Update on Allotment of Branches
- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
- Bank Branch Statutory Audit Updates
- Bank Branch Audit 2022 Updates
- Bank Branch Statutory Audit Updates
- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
- CAG blames PMO for not acting against Kalmadi
- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
Comments