Business

NSE Back To Business After Suffering Technical Glitch

न्यूज़ वर्ल्ड इंडिया | 0
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| July 10 , 2017 , 15:21 IST

The National Stock Exchange had faced a technical glitch which led to it not being able to function.

It had to be shut down for three hours and was only able to resume trade after 12:30 am. Although trading resumed at 9,727.65 points.

In a statement, capital market regulator Securities and Exchange Board of India (Sebi) said that National Stock Exchange of India Ltd (NSE) stopped trading on Monday morning, reportedly, due to a “technical glitch”.

“SEBI is in touch with NSE and is closely monitoring the situation,” Sebi said.

A finance ministry official said that the ministry is aware of the technical snag and is working with Sebi. “Sebi will submit a report, so far it seems to be a software issue,” he said.

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Government sources said the Finance Ministry has asked NSE and Sebi to submit an interim report on the technical glitch at the premier bourse by this evening.

“Due to technical reasons in cash market, trading has been stopped in both Cash and F&O segment of NSE. The technical team of NSE is looking into the issue. Market re-open time will be intimated shortly,” said NSE in a statement earlier in the day.

Deven Choksey, managing director, KR Choksey Investment Managers, said, “Trading at both the segments is halted due to a technical glitch at NSE cash segment. It will resume once the problem is resolved, there is nothing to panic.”