markets - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra

Guidelines for Unlock 2

Newsmantra — Wed, 01 Jul 2020 05:29:08 +0000

Union Ministry of Home Affairs (MHA) has issued new guidelines for Unlock 2 to open up more activities in areas outside the Containment Zones. The new guidelines will come into effect from July 1, 2020. The process of phased re-opening of activities has been extended further.

The new guidelines, issued yesterday, are based on feedback received from States and UTs, and extensive consultations held with related Central Ministries and Departments. As stipulated in the Unlock 1 Order and guidelines issued on 30.05.2020, certain activities, i.e., religious places and places of worship for public; hotels, restaurants and other hospitality services; and shopping malls; have already been permitted from June 8, 2020 outside the Containment Zones.

Detailed standard operating procedures (SOPs) have also been issued. Domestic flights and passenger trains have already been allowed in a limited manner. Their operations will be further expanded in a calibrated manner. Night curfew timings are being further relaxed and curfew shall be in force from 10.00 pm to 5.00 am. Training institutions of the Central and State Governments will be allowed to function with effect from July 15, 2020. SOP in this regard will be issued by the Department of Personnel and Training, Government of India.

After extensive consultation with States and UTs, it has been decided that schools, colleges and coaching institutions will remain closed till July 31, 2020. Lockdown shall continue to be implemented strictly in the Containment Zones till 31 July, 2020.

The post Guidelines for Unlock 2 appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Trading Halted For 45 Minutes

Newsmantra — Mon, 23 Mar 2020 05:53:36 +0000

Trading in the domestic stock markets was halted for 45 minutes on Monday morning as benchmark indices plunged 10 per cent to trigger the lower circuit. after India entered a lockdown joining several countries in their fight against the deadly coronavirus (COVID-19) outbreak. The S&P BSE Sensex index froze at 27,608.80 – down 2,307.16 points from the previous close – and the broader NSE Nifty 50 benchmark was stuck down 842.45 points at 7,903.00. A deep selloff across sectors – led by banking, auto and metal stocks – hurt the markets, as the rapid spread of the corona virus outbreak forced more countries to declare lockdowns, hurting businesses.

Monday’s trading halt was a second within a period of seven trading sessions, as world markets continued to suffer the worst selloff since the 2008-09 global financial crisis.

The Nifty Bank index – comprising stocks of 12 major lenders in the country including heavyweights SBI, HDFC Bank and ICICI Bank – was down 12.74 per cent.

Asian stock markets sank as a rising tide of national lockdowns threatened to overwhelm policymakers’ frantic efforts to cushion what is likely to be a deep global recession. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 3.8 per cent, with New Zealand’s market shedding a record 10 per cent as the government closed all non-essential businesses. Shanghai blue chips dropped 2.3 per cent, though Japan’s Nikkei rose 0.8 per cent aided perhaps by expectations of more aggressive asset buying by the Bank of Japan.

The post Trading Halted For 45 Minutes appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.