Tech glitch stops NSE trading; Stock Exchange reacts, promises quick action | Watch Anil Singhvi on trading HALT, 'kiski' FAULT

In a big development today trading stopped on the National Stock Exchange (NSE) after communications problems being faced by this stock exchange. The NSE said that due to the problems regarding the issues at the end of the telecom link providers. The problems has been occurring since the morning which has led to the situation where rates are not getting updated regularly.  Zee Business Managing Editor Anil Singhvi reveals his take on the issue - Trading HALT, 'kiski' FAULT.

 The exchange has said that it currently has two service providers and some issues have been coming which is preventing updation. The NSE systems have been affected because of this, the exchange has said. 

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India’s largest exchange has said that it is trying to resolve this issue.  The trading activity was stopped at 11:40 am. 

Trading activity in all segments has been stopped. The cash market trading was stopped initially followed by the Futures and Options (F and O). As of now trading has been stopped in all the segments.  

Watch Zee Business Tweet Video Below:

#BreakingNews | NSE का बयान: नेटवर्क में दिक्कत की वजह से बंद किया काम, जल्द से जल्द गड़बड़ी दूर करने की कोशिश#NSE #Nifty @AnilSinghvi_ @NSEIndia @vikramlimaye pic.twitter.com/NQi7g74gkE

— Zee Business (@ZeeBusiness) February 24, 2021

The problems started at around 10:08 am, when the index rates stopped getting updated which means that rates were not getting updated at Nifty, Bank Nifty and other indices. Though the stocks were still getting updated.

SEE NSE TWEET HERE: 

#BreakingNews | NSE का बयान: नेटवर्क में दिक्कत की वजह से बंद किया काम, जल्द से जल्द गड़बड़ी दूर करने की कोशिश#NSE #Nifty @AnilSinghvi_ @NSEIndia @vikramlimaye pic.twitter.com/NQi7g74gkE

— Zee Business (@ZeeBusiness) February 24, 2021

It was then seen that even the F and O markets started facing problems. Problems also emerged in the cash markets.

Meanwhile the trading is ongoing on BSE and Sensex. 

What happens after the technical fault occurs? 

- The exchange is requred to send complete details of the glitch to market regulator Sebi.  

- The stock exchange is also required to explain the route cause and also the solution  

- It also has to submit a plan to ensure that there is no similar issue in  

- Sebi can seek answers from the exchanges if it is not satisfied with the report 

- Sebi also takes help from its technical advisory committee