68th Day Of Lockdown

Maharashtra65168280812197 Tamil Nadu2024611313157 Delhi173877846398 Gujarat1635692321007 Rajasthan83654855184 Madhya Pradesh78914444343 Uttar Pradesh77014651213 West Bengal48131775302 Andhra Pradesh3461228960 Bihar3359120915 Karnataka292299749 Telangana2499141277 Jammu and Kashmir234190828 Punjab2197194942 Odisha17239779 Haryana172194019 Kerala120957510 Assam9361044 Uttarakhand493794 Jharkhand4621914 Chhatisgarh4471021 Chandigarh2891994 Tripura2711720 Himachal Pradesh223634 Goa70420 Manipur6060 Puducherry57230 Nagaland3600 Meghalaya27121 Arunachal Pradesh310 Mizoram110 Sikkim100
Business Other News 24 Mar 2020 CPAI urges Sebi to c ...

CPAI urges Sebi to close stock markets till Mar 31

PTI
Published Mar 24, 2020, 5:25 pm IST
Updated Mar 24, 2020, 5:54 pm IST
Association of National Exchanges Members of India has also requested Sebi to close stock exchanges for at least two days
Representative Image (PTI)
 Representative Image (PTI)

New Delhi: The Commodity Participants Association of India (CPAI) has urged market regulator Sebi to close down operations at all exchanges till March 31 in case broking services cannot be classified as essentials by all the state governments.

Association of National Exchanges Members of India (Anmi) has also requested Sebi to close stock exchanges for at least two days, which will give brokerage firms time to close their entire outstanding positions.

 

The centre had on Monday requested chief secretaries of all states to exempt services of Sebi-regulated stock market entities as well as related workforce from the purview of lockdown imposed to curb spreading of coronavirus infections.

In a letter to Sebi, CPAI President Narinder Wadhwa said that measures such as lockdown, curfews and section 144 undertaken by so many state governments to contain the threat to human life from Covid-19 pandemic have also made commuting increasingly difficult; and in coming days, it might be nearly impossible for the staff to reach the office.

So far, only three states – Maharashtra, Gujarat and Rajasthan have declared stock broking as an essential service. Other states have not declared stock markets operations at par with essential services.

Even though the regulator and exchanges have allowed operations from locations other than declared, reaching the location of critical operations is an arduous task, Wadhwa said.

It is disadvantageous to members and lakhs of investors in all those states where it is not classified as an essential service as otherwise they are not able to access the market practically.

Meanwhile, a total of 32 states and union territories have declared complete lockdown so far covering 560 districts, in the wake of the coronavirus outbreak.

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Location: India, Delhi, New Delhi




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