Trading curbs to contain market volatility extended till May end


Published On: Tuesday, April 21, 2020 | By:

Trading curbs to contain market volatility extended till May end

SEBI on 20th April said the measures aimed at containing the wild swings in stock prices would continue till the end of next month. On March 20, SEBI had imposed temporary restrictions on short-selling, increased margin requirements, and hiked penalties on violators. Sebi had then said the measures were for a period for one month. However, they will remain in place till May 28, the regulator has said. The measures announced by Sebi had coincided with a sharp recovery in the market. Since March 23, the Indian markets have gained 22 percent. Prior to the rebound, the benchmark indices had dropped nearly 40 percent from their January peaks.

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