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Trading On NSE Halted Till Further Notice Due To Technical Glitch

The bourse said it depends on two telecom service providers for connectivity, and both failed simultaneously resulting in the outage.

Trading On NSE Halted Till Further Notice Due To Technical Glitch
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Trading On NSE Halted Till Further Notice Due To Technical Glitch
outlookindia.com
2021-02-24T13:19:24+05:30

Trading has been halted on NSE across brokers till further notice, stockbroking platform Zerodha informed on Twitter. The trading was frozen owing to a technical glitch. The live price quotes of spot Nifty and Bank Nifty indexes reportedly stopped updating. “There is an issue with live ticks for NSE indices (Nifty 50, Nifty Bank and others) across brokers. We are in touch with NSE to have this fixed,” it added. The NSE closed the F&O market at 11:40 am while the cash market at 11:43 am. The NSE will share the update for the re-opening later.

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.

With PTI inputs

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