Stocks

Bharat bandh: Just another day at Dalal Street

Our Bureau Mumbai | Updated on November 15, 2017

On guard: Rapid Action Force personnel patrolling a street in western suburbs of Mumbai on Thursday. The 12-hour bandh called by NDA and Left parties to protest against the steep hike in petrol prices passed off peacefully. At the BSE and the NSE, trading went on smoothly due to F&O expiry. — Paul Noronha   -  BUSINESS LINE

Business as usual as staff manage to reach market place

Despite the nationwide bandh on Thursday, it was business as usual at Dalal Street. Trade was reported to be smooth in terms of volumes with minor skirmishes on the attendance front.

According to sources in the Bombay Stock Exchange and National Stock Exchange, there was no difference reflected in the market with the number of public participants logging in from throughout the country remaining similar to the number for the rest of this week.

Most brokerage houses reported full attendance of their trading staff with smooth operations during market hours on Thursday.

Little perturbed

Mr Gaurang Shah, Assistant Vice-President, BNP Geojit said: “On Thursday, the volume turnover in the markets was about Rs 2,57,000 crore so it wasn't affected by the bandh in any way. Moreover, Thursday being the last day of the F&O expiry, the market's performance was up to expectations. The office attendance was affected a little but otherwise it was a regular day as far as business was concerned.”

The situation was the same at Motilal Oswal as well. “Markets functioned smoothly on Thursday. We had the trading staff come in full attendance as they had planned their commute accordingly and arrived as early as 7 a.m. well before the market opening time, so on the operations front there were no disruptions,” said Mr Raamdeo Agrawal, Joint MD, Motilal Oswal Financial Services.

“Some staff residing in far off areas did face a problem in reaching office and so they decided to take it easy and stay at home. But they were mostly back office staff not the trading staff,” he added.

>manisha@thehindu.co.in

Published on May 31, 2012

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