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National Stock Exchange system hit by glitch in final minutes of trade

Sources said the exchange is looking to ascertain the reason for the glitch. Some officials said the problem occurred due to a connectivity issue with one of the internet services providers, Sify

BS Reporter & PTI 

NSE

The (NSE) system faced trading outage, with investors unable to place orders in the last 15 minutes of the trade on Monday. The move hit several brokers and traders who had active positions in the market.

Sources said the exchange is looking to ascertain the reason for the glitch. Some officials said the problem occurred due to a connectivity issue with one of the internet services providers, Sify.

stock price feeds stopped updating after 3.15 pm. The system started showing Friday’s closing prices. Traders were unable to square off their positions, leading to panic,” said a person aware of the development.

Market regulator Sebi, too, has asked for a report from the over the glitch. Some brokers also faced issues during the start of the trade with price feeds from NSE’s servers in Hyderabad and Jaipur failing to update. ICICI Direct a morning tweet had said: “Price feeds not coming from the due to technical issue at the NSE’s end. Limit orders not going across all products. Please place limit price." Later the brokerage said tweeted again saying the issue had been resolved.

First Published: Tue, September 24 2019. 02:58 IST
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