Association of National Exchanges members of India (Anmi), a broker body, has written to the market regulator saying there was no timely public announcement by NSE regarding Wednesday s technical glitch, which has caused a huge monetary loss to members and investors, including intraday traders. All open positions remained at peak levels. The glitch happened one day before the expiry of monthly and weekly contracts. Hence, there is a greater need of engaging deeper investigation in the matter, Anmi said in a note on Thursday. The body further said that trading could have continued since there was an issue with two spot indices and all other things were working fine. Reasons for not activating recovery site even after 45 minutes of glitch also remained unknown.
As per a statement released by the regulator on February 25, that it will also address any institutional deficiencies that may have been behind the outage at NSE
Update:
In wake of the technical error, BSE and NSE will be open for trading until 5 pm on Wednesday.
Original story.
National Stock Exchange halted trading in all segments on Wednesday morning at 11:40 a.m. due to a technical glitch. NSE announced on Twitter that it is working on a fix after several retail traders who constantly monitor the live feed complained about the technical error.
NSE reported issues with streaming feeds for Nifty, Banknifty and other indices from 10:06 a.m. Zerodha co-founder Nithin Kamath said the trading had to be stopped to the fix the index feeds issue. Zerodha instead redirected traders to use BSE while NSE trading was halted.
Equity benchmark Sensex surged over 900 points and Nifty jumped more than 270 points in late afternoon session on Wednesday after trading hours were extended following a technical glitch at NSE. Minutes before the scheduled closure of trade at 3.30 pm, leading bourses BSE and NSE said their equity a