The capital market regulator said that it will also address any institutional deficiencies that may have been behind the outage at NSE, which caused immense problems for market intermediaries and participants.
Sebi said that it has already asked the stock exchange to undertake a detailed analysis of the root-cause for the technical glitch, which NSE claimed was caused by “issues with the links with telecom service providers”.
On Wednesday, NSE informed market participants that all trading activity on its platform will cease from 11:40 am due to a technical issue. The stock exchange then resumed trading from 3:30 pm in an unprecedented move that saw exchange timings being extended to 5:00 pm to allow market participants to square off existing positions ahead of the derivatives expiry.
“NSE informed that it was continuously working on resolution of the problem and that it would intimate the market regarding resumption of trading once the issue gets resolved,” Sebi said in its statement. However, the market participants were irked by the lack of communication from the exchange to them and the uncertainty around resumption of trading .
