Lockdown: Stock market services declared essential

Lockdown: Stock market services declared essential

Investment Guru India

The Centre has declared services provided by stock markets as essential. According to Sebi, the Home Ministry has issued guidelines to this effect.

"The Order inter alia provides that commercial and private establishment shall be closed down but that the capital and debt market service as notified by the Securities and Exchange Board of India shall be exempted from such closures," a Sebi notification said.

Commenting on the development, a spokesperson for a leading stock market said: "We are open and have been exempted during this lockdown."

On its part, the BSE said that it has set up business continuity process offices.

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