Stock mkts to remain open; risk management systems beefed up
November 09, 2016  01:28
Stock markets will remain open today and all risk management systems and surveillance measures have been beefed up to tackle any extreme volatility in the wake of demonetisation of certain currency notes and the US presidential election results.

Banks will remain closed today for the public to allow them time to cope with the government's decision to discontinue existing Rs 500 and Rs 1,000 currency notes with
effect from midnight on November 8. 

However, the stock markets will remain open, and clearing and settlement systems will operate normally, exchange official said.

Sources said that the capital markets regulator Sebi and the stock exchanges have taken necessary steps to safeguard any extreme volatility due to the sudden measures announced by the government to check black money menace and counterfeiting of currency notes.

Besides, the risk management systems and surveillance measures have also been beefed up to tackle any extreme volatility that may arise due to the results of the US presidential elections expected on Wednesday morning. 
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