Bombay Stock Exchange can be closed for 10 days

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  • BSE officials did not respond to this
  • 50% of exchange employees are working from home

There is a panic environment in the Indian stock markets because of the Corona effect. In view of this, the Bombay Stock Exchange can be closed for 10 days. A broker active inside the stock exchange informed Inventiva on condition of anonymity that the stock market is falling below 1500-2000 points daily due to fear of Corona. Keeping this in mind, there is discussion of closing the market for a week or 10 days.

Official decision has not been taken
No official decision has been taken in this regard yet. But if this happens, it will be a historic decision for the Indian stock market.

Officers refrain from answering
In this regard, when Inventiva sent E-mail to BSE, the officials did not reply. Earlier it was also discussed that SEBI may stop short selling in the stock market for some time.

50% of Exchange employees are working from home
It was told in an e-mail by the Bombay Stock Exchange that according to the Maharashtra Government Advisory, more than 50 percent of the BSE employees are currently working from home. Maharashtra has recorded the highest number of coronavirus cases.

Daily stock market fluctuations of 1500-2000 points
The coronavirus that started from China gradually started spreading throughout the world. With this, the stock market has been witnessing huge turmoil since the beginning of the month of March. Apart from this, the weak state of Yes Bank and the global economic system is directly impacting the stock market.

2 COMMENTS

  1. Closing stock exchange for next 10 days will not stop selling as globally scenario is bearish and predict that before hand, as in expectation of good quarterly it will go bullish ,same way now that all major companies will not perform in near future market will take hit till it goes below right valuation so closing market or short selling are all temporary solution which will also give bad impression to FII for future investment and above all government will lose its income from daily turnover of exchange by service tax ,& STT. So be careful and safeguard your interest and invest

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