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.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.