On February 24, stock trading at the National Stock Exchange (NSE) platform started wobbling. At 10.06 am the live ticks for the NSE indices stopped. But the NSE kept the market open. Then at 11.40 am, the NSE shut the derivatives market and, after three minutes, the equities market. There was no prior notice. Then, NSE Clearing Ltd (NCL), a wholly-owned subsidiary of the NSE, responsible for clearing and settling all trades executed on the NSE, and its risk management function, shut. The market remained shut for the next four hours. There was no communication from the NSE. Brokers and
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