NSE Reopens After Outage; Exchanges Extend Trading Hours In Equities, Derivatives
The National Stock Exchange resumed trading more than three hours after a telecom disruption interrupted its cash and derivatives segments.
The nation’s largest bourse restarted trading at 3:45 p.m., and will continue till 5 p.m., an NSE spokesperson said. The Nifty 50 on resuming trade was at 14,763, higher by 0.4%.
Trading will also continue until 5 p.m. on the BSE, though the bourse in a tweet had said all its segments operated normally.
The NSE at 11:40 a.m. halted trading in its cash and derivatives segment following issues with telecom links of its two service providers, which, it said, impacted the system and stopped prices from updating.
As per information collected by BloombergQuint, the NSE could not shift to the 'near site' in Mumbai or to the 'disaster recovery site' in Chennai. Both of these serve as backups incase of trading glitches in the primary exchange site.
The delay in shifting to backup sites could be because of some hardware issues, senior NSE officials told BloombergQuint on the condition of anonymity.
Some brokers had called for an extension in trading hours ahead of the F&O series expiry on Thursday. The exchange had intimated that once trading resumes all pending orders in the system will stand canceled.