A technical glitch at the National Stock Exchange (NSE), the country’s biggest stock exchange, held up trade for three hours on Monday in the cash and derivatives segments.
The problem occurred at the beginning of the session when several brokers complained stock and index quotes were not being updated. The NSE immediately suspended trading in the cash segment.
Trading was normal in the futures and options (F&O) segment but the NSE halted operations at 9:55 am. After the two failed attempts at 10:45 am and 11:15 am, trading resumed at 12:30 pm. “The NSE cash market segment did not function normally due to a technical problem at the opening today (Monday) and accordingly was closed. Two attempts to reopen the market were not successful and finally on the third attempt the market was opened at 12.30 pm in the cash and F&O segments. The NSE deeply apologises for the glitch,” the exchange stated.
Trading was normal on the BSE, with the exchange witnessing nearly three times its average traded volume in the cash segment.