Trading halted at NSE due to technical glitch; BSE operations unaffected

The bourse said it depends on two telecom service providers for connectivity, both of which failed, resulting in an outage

Press Trust of India February 24, 2021 14:09:04 IST
Trading halted at NSE due to technical glitch; BSE operations unaffected

Representational image. Reuters

Mumbai: Largest stock bourse NSE on Wednesday said trading across segments came to a halt at 11.40 am due to connectivity issues. The bourse said it depends on two telecom service providers for connectivity, and both failed simultaneously resulting in the outage.

However, the broader Indian markets were not impacted, as communication lines at BSE continued even as NSE faced troubles. "NSE has multiple telecom links with two service providers to ensure redundancy and we have received communication from both the telecom service providers that there are issues with their links due to which there is an impact on NSE system," a statement from NSE spokesperson said.

"We are working on restoring the systems as soon as possible. In view of the above all the segments have been closed at 11.40 and will be restored as soon as the issue is resolved," it added.

In June 2020, NSE had suffered a technical glitch. At that time, its bank option segment prices were not reflecting on the terminal linked to the exchange.

In September 2019 too, the bourse's system faced a trading outage as investors were unable to place orders in the final minutes of the trade.

Updated Date:

also read

Market Roundup: BSE, NSE close flat after volatile trading day; Asian Paint, Sun Pharma among top gainers
India

Market Roundup: BSE, NSE close flat after volatile trading day; Asian Paint, Sun Pharma among top gainers

The top five gainers of the day were Asian Paint, Sun Pharma, Hindustan Unilever, HDFC and Dr Reddy. Power Grid, Axis Bank, IndusInd Bank, and ICICI Bank were among the worst performers

Market Roundup: Sensex surges 460.37 points, Nifty closes at 14,819.05 after RBI policy; banking stocks lead
Business

Market Roundup: Sensex surges 460.37 points, Nifty closes at 14,819.05 after RBI policy; banking stocks lead

The Reserve Bank of India kept the repo rate unchanged at four percent in its monetary policy meeting earlier today

Market Roundup: BSE Sensex plunges 870.51 points, Nifty closes at 14,637.80; today's top gainers and losers
Business

Market Roundup: BSE Sensex plunges 870.51 points, Nifty closes at 14,637.80; today's top gainers and losers

Nifty Auto declined 254.55 points to end at 9,768.05 followed by Nifty Pharma, which fell 45.60 points to end at 12,331.50