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Stock market to stay open despite 21-day India lockdown

“We will remain open,” a NSE spokesperson told ETMarkets.com.

, ETMarkets.com|
Last Updated: Mar 26, 2020, 09.21 AM IST
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According to the figures updated at 5.45 pm, the number of active COVID-19 cases is at 470.
Mumbai: The country’s leading stock exchanges NSE and BSE will remain open despite the 21-day nationwide lockdown announced by Prime Minister Narendra Modi in the wake of the coronavirus pandemic.

“We will remain open,” a NSE spokesperson told ETMarkets.com.

Ashishkumar Chauhan, CEO of BSE also confirmed that the stock exchange will remain open. “BSE day to day operations @BSEIndia will continue,” Chauhan tweeted.

Addressing the nation for the second time in less than a week, Modi called for a nationwide lockdown starting midnight to contain the coronavirus spread.

The duration of the lockdown will be 21 days, he added. Providing a rationale behind this major step, Modi said that it was necessitated due to the severity of the situation.

Reiterating the importance of social distancing, he said, we can only prevent new cases and contain the virus through it. India may have to pay a big price due to the negligence of a few. "To stop coronavirus, stay at a distance from each other and stay inside your houses," he said.

The government clarified that all essential services will remain functional. List of essential services unchanged since the March 22 'Janata Curfew'.

The number of coronavirus cases in India rose to 519 on Tuesday, according to Health Ministry data.

According to the figures updated at 5.45 pm, the number of active coronavirus cases is at 470, while 40 people have been cured, discharged or migrated.

The figure includes 43 foreign nationals and the nine deaths reported so far, the Health Ministry said.
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