No point in banning short sale or stock exchange shutdown

The economic fallout of Covid-19 is yet to be analysed but it will have a significant impact on India Inc's earnings in the March quarter as well as in financial year 2020-21 (FY21).

We are going through a rough phase. Markets are witnessing an unprecedented sell-off owing to growing fears of economic slowdown due to coronavirus (Covid-19) pandemic. The Nifty has already corrected over 30 per cent in less than 15 days and may slide further. Unless there is some clarity over the virus outbreak and the magnitude of its impact on the economy - both globally as well as domestically - forecasting could be hazardous.

That said, I don't think shutting stock exchanges or a trading halt will help in any way. Currently, the market tumbles 3 per cent - 5 per