Equity trading halted on NSE due to technical glitch

Equity trading halted on NSE due to technical glitch

NEW DELHI: Broker and dealers on Dalal Street said equity trading has been halted on NSE due to some technical glitch and they have advised their clients to use BSE for the same.

NSE in a statement said the trading has been halted since 11.40 am due to some problem with telecom services provider.

“NSE has multiple telecom links with two service providers to ensure redundancy. 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,” NSE said in a statement.

It added that the company was working on restoring the systems as soon as possible.

India’s largest broker, Zerodha, advised its clients to execute their trading orders through BSE for time being. Upstox, ICICIdirect also followed with similar advisories on social media.
Apparently, the ticker for the exchange has been frozen for over two hours now. The last update on NSE website shows prices as of 10.08 am.

“NSE has halted all trading (Equity, F&O, Currency) from 11.40 am. NSE had issues with streaming feeds for Nifty, Bank Nifty, and other indices from 10.06 am. I am guessing that they are restarting all the processes for which they had to stop trading to fix the index feeds issue,” said Nithin Kamath, CEO, Zerodha.

Dealers on Dalal Street said that NSE intimated that all pending orders will be automatically cancelled, when markets re-open for both equity and F&O segment.

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