The development comes after the prices of Nifty and Bank Nifty weren’t updating since 10:00 AM in the morning. It is still not known when the market would be restarted.
“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. In view of the above all the segments have been closed at 11.40 and will be restored as soon as issue is resolved,” said NSE in an official statement.
To be sure, NSE’s glitch won’t mean a complete market shutdown since interpretability scheme could be availed and cash market traders can use the BSE platform to place orders until NSE restores. BSE’s website and social media tweets by several traders suggest its business as usual at BSE. While Nifty froze after it gained 0.77 per cent, Sensex was trading 0.46 per cent higher at 12:15 PM.
