Trading halted at NSE due to technical glitch; BSE operations unaffected – Business News , Firstpost

The bourse mentioned it is determined by two telecom service suppliers for connectivity, each of which failed, leading to an outage

Representational picture. Reuters

Mumbai: Largest inventory bourse NSE on Wednesday mentioned buying and selling throughout segments got here to a halt at 11.40 am due to connectivity points. The bourse mentioned it is determined by two telecom service suppliers for connectivity, and each failed concurrently ensuing within the outage.

However, the broader Indian markets weren’t impacted, as communication traces at BSE continued whilst NSE confronted 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,” an announcement from NSE spokesperson mentioned.

“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 point, its financial institution choice section costs weren’t reflecting on the terminal linked to the trade.

In September 2019 too, the bourse’s system confronted a buying and selling outage as traders have been unable to place orders within the last minutes of the commerce.

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