Stock brokers announce one-day strike

Our Markets Bureau

Mumbai, July 17: The stock brokers on Tuesday announced a one-day token strike on July 23 and will refrain from trading activities in protest against the introduction of rolling settlement and levy of turnover fee by the Securities and Exchange Board of India (SebI).

Incidentally, this is the day on which the Parliament is scheduled to open for the Monsoon session. The decision was taken in a meeting of the representatives of 16 different Stock Exchanges (SEs) including the National Stock Exchange and The Stock Exchange, Mumbai (BSE). The meeting was convened at the premises of the BSE. The meeting also decided to form an association which would be a federation of the various brokers forum/associations across the country which will be based in Mumbai.