Coronavirus impact: IndiaNivesh shuts shop, days after closing down PMS

IndiaNivesh cited the ongoing global pandemic has that triggered an unprecedented fall in the markets coupled with the present lockdown as the reason for its decision

While businesses and economy are yet to assess the impact of the coronavirus (Covid-19) pandemic that has brought the world to a near standstill, select companies have already begun to feel the heat.

IndiaNivesh Shares and Securities Private Limited (IndiaNivesh / INSSPL) – a mid-sized stock broking and portfolio management services firm – has disabled all the services relating to stock broking (voluntary disablement). It will not to take any fresh orders / transactions or clients. The announcement to this effect was made today to the exchanges post trading hours.

IndiaNivesh cited the ongoing global pandemic has that triggered an