The brunt of force selling hasn't taken place as brokers exercis restraint
MAJOR stockbrokers have yet to press the force selling button, which may affect as low as 20 companies and the tally may go up to 30 companies.
It is learnt that brokers have exercised restraint as they feel the selling on some counters is driven by panic due to the extenuating circumstances arising from the economic gridlock and compounded by short selling by traders taking advantage of the situation.
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