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Trading halted at NSE due to technical glitch; BSE operations unaffected

Trading halted at NSE due to technical glitch; BSE operations unaffected
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Trading halted at NSE due to technical glitch; BSE operations unaffected

Buying and selling halted at NSE because of technical glitch; BSE operations unaffected

The bourse mentioned it relies on two telecom service suppliers for connectivity, each of which failed, leading to an outage

Trading halted at NSE due to technical glitch; BSE operations unaffected

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 because of connectivity points. The bourse mentioned it relies on two telecom service suppliers for connectivity, and each failed concurrently ensuing within the outage.

Nonetheless, the broader Indian markets weren’t impacted, as communication traces at BSE continued whilst NSE confronted troubles. “NSE has a number of telecom hyperlinks with two service suppliers to make sure redundancy and we’ve got acquired communication from each the telecom service suppliers that there are points with their hyperlinks because of which there’s an influence on NSE system,” a press release from NSE spokesperson mentioned.

“We’re engaged on restoring the methods as quickly as attainable. In view of the above all of the segments have been closed at 11.40 and might be restored as quickly as the problem is resolved,” it added.

In June 2020, NSE had suffered a technical glitch. At the moment, its financial institution choice phase 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 had been unable to position orders within the remaining minutes of the commerce.

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