In a tweet, the NSE informed that it shut all market segments at 11.40 am due to technical issue with telecom links which caused an impacted on their system.
NSE has multiple telecom links with two service providers to ensure redundancy. We have received communication from… https://t.co/cTB3rJsGXE
— NSEIndia (@NSEIndia) 1614148199000
Trading will be restored once issue is resolved, it assured.
However, trades continued smoothly in all segments on benchmark BSE sensex, the index informed.
The NSE Nifty was up 113 points or 0.77 per cent at 14,820 at the time of trading halt.
“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,” Sandip Sabharwal, a Mumbai-based fund manager told news agency Reuters.
NSE has faced technical glitches on earlier occasions as well. In June 2020, its bank option segment prices were not reflecting on the terminal linked to the exchange.
In September 2019 too, the bourse’s system faced a trading outage as investors were unable to place orders in the final minutes of the trade.
(With inputs from agencies)