Covid-19: Market brokers knock Sebi's door over confusion on office opening
Equity and commodity futures market brokers have approached markets regulator Securities and Exchange Board of India (Sebi) over opening of their offices. While exchanges are open on Monday, brokers in the major tier-2 cities and trading hubs like Indore are stuck as police don't allow them to open their own offices due to country-wide lockdown amid coronavirus (Covid-19) scare. State governments like Maharashtra, Gujarat and Rajasthan have already declared exchange industry services under essential category. Hence, opening of offices in these three states should not be a problem. In a letter addressed to Sebi chairman Ajay Tyagi, brokers' association Anmi (Association of National Exchanges Members of India) has urged to explicitly declare brokers under essential services to enable them to work smoothly. Read More