NSE trading resumes three hours after 'technical glitch'
According to brokers and those trading on the NSE, stock prices did not get updated and there was also an issue in accessing the F&O segment. Photograph: (Reuters)
The National Stock Exchange (NSE) begun trading in both cash market and futures & options (F&O) segment three hours behind its normal schedule on Monday after it was hit by a technical glitch.
"Due to technical reasons in the cash market, trading has been stopped in cash and F&O segment of the NSE," the exchange said.
According to brokers and those trading on the NSE, stock prices did not get updated and there was also an issue in accessing the F&O segment.
NSE shut down trading in the F&O segment at around 10 am.
It tried to re-open trading around 11 am, but the glitch continued.
At 12:30 pm, trade finally resumed after being shut for almost the entire morning session though multiple dealers said they were still facing issues in the cash market.
The finance ministry said the glitch is a matter of “serious concern” for the markets. It also added that Securities and Exchange Board of India (SEBI) was closely monitoring the situation.