Market surge to continue on better corporate profitability: Kotak s Nilesh Shah thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
February 25, 2021
Brokers’ body says online brokers squared trades early, unaware of extended trading
Members of the stock brokers association ANMI are blaming the National Stock Exchange (NSE) for the panic sell-off in the stock markets before 3:30 pm on Wednesday. In a letter to SEBI, the Association of National Exchange Members of India said that its members feel that NSE’s silence or lack of communication up to 3:20 pm on restarting market-wide trading led to panic sell-off by online brokerages of their clients’ positions.
Auto square-off To make up the loss of four hours of trading between 11:40 am and 3:30 pm on Wednesday, the NSE extended trading hours till 5:00 pm. But guring the four-hour downtime, there was no communication from the exchange on restarting the market, brokers said.