whether the market should be fully closed during such catastrophe or let it run as it is happening presently.
In fact, NSE brokers' association ANMI (Association of National Stock Exchanges Members of India) which represents nearly 900 brokerages has sought a complete lockdown of stock markets. The brokers' body has
submitted a letter to the market regulator SEBI and appealed for a systematic closure of offices.
ANMI had earlier written to market regulator Sebi to ask state governments to declare operations of stock market broking houses as essential services. Since only Maharashtra, Gujarat and Rajasthan have declared 'stockbroking and depository services' as essential services, ANMI has sought complete closure of markets.
The gist of above discussion is that brokers association at NSE has demanded the closure of the stock exchanges until the time markets do not stabilize as only a few states have declared broking services under the essential services act.
The present situation can be a case study for the future catastrophic actions as with China being at the helm of affairs we may keep on seeing such type of market disruptions and do not forget to get Indian stock market tips newsletter in your email and that too free by filling your email id in subscription inbox under this article.
