New Delhi: The market regulator Securities and Exchange Board of India (SEBI) on Friday said that it is ready to take any kind of mandatory action to deal with the huge turmoil in Indian markets. Trading was halted for 45 minutes after the stock markets touched the lower circuit level in the morning. Sebi said in a statement that Indian stock markets, like other global markets, have fallen in the past few days due to concerns related to the coronavirus epidemic.
Corona wreaks havoc, trading stopped in US, panic in India too
The international prices of crude oil have also fallen due to the Korana virus and the fear of economic recession has also increased. The regulator said that SEBI and the stock market are ready to take appropriate steps as per the requirement. SEBI said that the declining trend in the Indian market has been seen less than the markets in other countries.
Petrol prices reached 10-month low, diesel prices also drop
In early trade, the Sensex and Nifty have seen an improvement in business after touching the lower circuit level on Friday. In the afternoon session, the Sensex has gained more than 4,700 points from the day's low. While the Nifty is again above the 9,900 marks. 29,388 in BSE Sensex. An improvement of over 4,700 points has been observed from a low of 97 points.
Trading stopped in Indian market for 45 minutes for the first time in 12 years