National Stock Exchange halts trading due to technical glitch

WION Web Team
NEW DELHI Published: Feb 24, 2021, 12:55 PM(IST)

The National Stock Exchange Photograph:( Reuters )

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The index is currently frozen at 14,820.45-level up 112.65 points or 0.77 per cent.  Following this, the cash market price at the exchange is not getting updated. 

Trading has been halted on the NSE due to technical glitches as the live price quotes of spot Nifty and Bank Nifty indexes are not updating on the National Stock Exchange (NSE).

The index is currently frozen at 14,820.45-level up 112.65 points or 0.77 per cent.  Following this, the cash market price at the exchange is not getting updated. 

"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. We are working on restoring the systems as soon as possible," the NSE said.

The country`s other major stock exchange BSE, however, said it continues to have normal trading in all segments.

"The NSE outage is unfortunate, especially for this long. Global Exchanges should have adequate backups to ensure that even if there is an outage it`s restored fast," said Sandip Sabharwal, a Mumbai-based fund manager.

"Asian markets have seen a significant crash today and at such times price discovery real-time becomes even more important."

Market regulator Securities and Exchange Board of India (SEBI) did not immediately respond to the NSE trading halt.

(With inputs from agencies)

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