Report by Tanya Singh:
Trading has been halted on NSE across brokers till further notice, Indian financial service Zerodha informed on Twitter. The trading was frozen owing to a technical glitch. “There is an issue with live ticks for NSE indices (Nifty 50, Nifty Bank and others) across brokers. We are in touch with NSE to have this fixed,” it added.
The NSE closed the F&O market at 11:40 am while the cash market at 11:43 am. The NSE will share the update for the re-opening later. “NSE has multiple telecom links with two service providers to ensure redundancy. We have received communication from both the telecom service providers that there are issues with their links due to which there is an impact on NSE system,” the exchange said on Twitter. Meanwhile, IIFL informed its clients that normal trading on NSE will resume from 1:15 pm. Prior to that, a pre-opening session will be conducted from 1 pm to 1:15 pm to cool off prices.
However, NSE has not confirmed it yet. Brokers told ET Now that all pending orders on NSE will be cancelled before the exchange reopens for trading at 1 pm. Market expert Ajay Srivastava told ET Now, “Very important for NSE to give time to people to look at their account statement. Don’t know which trades went through so no one knows what are the positions & where the margins are.