Anil Singhvi speaks on brokers' demand to give stock markets essential services status

Standing strong on the demand to shutdown stock markets (#BandKaroBazaar), Zee Business Managing Editor Anil Singhvi today said that these should be announced as essential services. However, Singhvi made it clear that when the markets are nosediving, Association of National Exchanges Members of India (ANMI) can't wash off its hands by merely making a demand for the government to make an announcement that they be officially brought under essential services category.

See Zee Business tweet below:

#BazaarKiBaat | बाजार को आवश्यक सर्विस घोषित करना प्रैक्टिकल नहीं है, मार्केट को कुछ दिन के लिए बंद करने में ही भलाई: आशु मदान#BandKaroBazaar #ZBizBazaar #NSE #BSE #Sensex #Nifty @AnilSinghvi_ @ashumadan4 pic.twitter.com/5oA5YAmCqD

— Zee Business (@ZeeBusiness) March 24, 2020

The Zee Business Managing Editor said that the whole world including India is facing a health crisis and in such a situation when there is a complete lockdown in many states here, it's better to shutdown the stock markets just like flight services, train services, and more.

See Zee Business tweet below:

ANMI ने SEBI से कहा- आवश्यक सर्विस घोषित हो शेयर बाजार, अनिल सिंघवी ने कहा- ANMI तय करे क्या चाहते हैं ज्यादातर ब्रोकर्स#BandKaroBazaar#EditorsTake #ANMI #SEBI #Sensex #Nifty #NSE #BSE @AnilSinghvi_ @OfficialAnmi pic.twitter.com/E3QnVUpAhr

— Zee Business (@ZeeBusiness) March 24, 2020

Supporting ANMI's demand with some caution, Anil Singhvi said, "ANMI members and its officials need to first arrive at a consensus as to what is their actual demand from the government in the current COVID-19 hit situation. When their delegation goes and meets the government representative, they don't raise this demand."

See Zee Business tweet below:

ब्रोकर्स के स्टाफ को पड़ रहे हैं पुलिस के डंडे, ऑफिस पहुंचने में हो रही है दिक्कतें...
अनिल सिंघवी ने ANMI से पूछा- क्या इनकी जान की नहीं है कोई कीमत…क्या इन्हें नहीं है कोरोना का खतरा?

देखिए पूरी बातचीत: https://t.co/fdPK3SkmOY#BandKaroBazaar @AnilSinghvi_ @OfficialAnmi pic.twitter.com/nbVUFhPTOB

— Zee Business (@ZeeBusiness) March 24, 2020

Singhvi added, "Around 80 per cent of the ANMI members today want the stock market should be made an essential service. But, let me tell you, media is under the essential services category and still media professionals are not allowed to come to their office. So, mere demand won't work."

See Zee Business Live TV streaming below:

Reiterating his demand for a shutdown of stock markets, Singhvi said, "If the Indian Government wants to continue stock markets operations, then ANMI's demand has to be met. But, the mere announcement of the stock market as an essential service won't work. Then the government will have to ensure that all facilities that an essential service provider needs, has to be continued in a full-fledged manner."