Stock Exchanges, Banks To Remain Open In Mumbai Amid Shutdown

On Friday Maharashtra's Chief Minister Uddhav Thackeray announced that all workplaces in major cities in Maharashtra, including Mumbai and Pune, will remain closed till 31 March, in the light of rising number of confirmed coronavirus cases in the state.

A complete shutdown of the Mumbai Metropolitan Region, except essential services and public transport, was ordered.

Banks would also remain open Thackeray said.

The CM in a tweet he clarified that stock exchanges, clearing corporations, depositories, stockbrokers and Sebi registered participants operating through these institutions will be exempted from this planned shutdown.

The two main stock exchanges of the country (NSE and BSE) and the market regulator SEBI, are headquartered in Mumbai. Several broking houses also have their key offices in the city.