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NSE asks BSE to explain surge in trading volumes

BSE traded a total of 663,361 shares on NSE on Friday, up 13 times from its previous 4-day volumes

Samie Modak  |  Mumbai 

The National Stock Exchange building in Mumbai. (Photo: Reuters)
The National Stock Exchange's logo. Photo: Reuters

The National Stock Exchange (NSE) on Monday asked rival to provide reasons for the spurt in in its shares. is exclusively listed on

A total of 663,361 shares were traded on Friday, 13 times more than its previous four-day

"Significant increase in volume has been observed in The exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company," wrote to

In its reply, the said, "We would like to confirm that there is no such announcement or price sensitive information that is pending to be intimated or furnished by the company to the stock exchanges concerning the operations and performance of the company."

"We wish to reiterate and clarify that all information furnished by the company is in the public domain. We keep the stock exchanges duly informed of all the price sensitive information," it further added.

Interestingly, the query to was sent on Monday, when saw a three-hour halt due to a technical glitch. Many market players said could benefit due to the fiasco at as traders would spread their bets on both exchanges.

Shares of on Monday gained 1.9 per cent to Rs 1,087. However, the volume was low at just 6,000 shares. 

First Published: Tue, July 11 2017. 00:41 IST