The Maharashtra government has progressively tightened restrictions on work and travel in Mumbai over the past week. On Tuesday, Prime Minister Narendra Modi placed the entire nation under a lockdown for a period of three weeks.
However, certain categories of services such as the financial markets continue to operate. As the stock market collapses in response to the economic fallout of the Covid-19 pandemic and as market participants face difficulties in their operations, we asked experts if it is better to shut the market till the restrictions are lifted or keep it going. Aashish Somaiyya, CEO, Motilal Oswal Asset Management Co. The function of the markets is to weigh all factors, give a quote and provide liquidity.
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