Monday 30 March 2020
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business-standard - 4 days ago

Lockdown: Anmi urges Sebi to allow systematic closure of stock mkts

In a fresh request to Sebi, stock brokers association Anmi has urged the regulator to allow systematic closure of the stock markets till the nationwide lockdown remains in force. The move comes after members of Anmi, which represents over 900 brokers, raised concerns about their safety. A 21-day nationwide lockdown is in force in the country to contain the spread of coronavirus pandemic. In its letter to Sebi on Wednesday,Association of National Exchanges Members of India (Anmi)has shared concerns of trading members regarding their safety and pressure by family members to stay indoors because of coronavirus infection. The brokers association said it has also sought its members views on keeping share markets open considering the safety of staff and concern of family members. The members overwhelmingly expressed their opinion for share markets to be closed in a systematic manner, giving due notice to the investors, the letter noted. In view of the apprehensions expressed by members .


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