KhabriBaba
Business

Trading stopped in Indian market for 45 minutes for the first time in 12 years

Reading Time: 2 minutes

Mumbai: Coronavirus has taken a dangerous toll all over the world. Due to this, the trend of decline is also going on in the global stock markets. On the last trading day of the week, the Sensex and Nifty fell more than 10 per cent and due to this, trading had to be stopped. This means that there will be no trading in the stock market for some time. That is, you can neither buy nor sell shares.

It is worth mentioning that this is the first time in the last 12 years that trading has stopped in the stock market. Earlier in May 2008, the stock market was closed for a while. The global era was a period of economic recession and today there were signs in the country. Currently, this trading has been closed for 45 minutes. Now the trading in the stock market will start from 10.20 am.

According to the rules of the stock exchange, if the stock market again falls by 15 per cent before 1 pm, trading will be stopped for 1.45 hours. There will now be 15 percent lower circuit in the language of stock exchange. For the information, let us tell you that if the stock market falls by 10 per cent or more, then it takes a lower circuit and the business is stopped for some time.

Also Read: 

Corona wreaks havoc, trading stopped in US, panic in India too

Reliance faces loss of 1.1 lakh crore due to coronavirus

India prepares to beat China in export

Gold Futures Price: Gold futures fall, Know new price

 

0 0 votes
Article Rating

Related posts

India’s economy ready to bounce back: PM Modi

Devender Mahto

TikTok CEO Kevin Mayer resigns amid US-China tension

Devender Mahto

Know the 5 changes which will take place after New year

Devender Mahto
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

0
Would love your thoughts, please comment.x
()
x