Trading on India’s largest stock exchange halted by telecom breakdown

Publish February 25, 2021

MUMBAI: Telecom disruptions forced India’s National Stock Exchange to shut all trading on Wednesday, leaving investors stranded ahead of the crucial expiry of monthly derivative contracts.

The NSE is the world’s largest derivatives bourse by volume and the third-largest stock exchange globally in terms of the number of equity trades, according to its annual report here.
The stock exchange had faced a similar systems glitch in 2017 that led to a five-hour-long shutdown here, prompting the market regulator to call for a review of the bourse’s contingency plans.
“(Trading in) all the segments have been closed at 1140 IST and will be restored as soon as issue is resolved’’, the NSE said in a statement on Wednesday.


Latest Stories

Irish dairy farmers' milk donations raise over €100k for famine-hit Yemen

2020-11-16 06:00:00

A campaign to encourage Irish dairy farmers to raise funds for those affected by war and famine in Yemen has so far raised more than"...
Read More

Two service projects begin in capital Sana'a

2020-11-10 04:00:00

SANA'A, Nov. 09 (Saba) - Deputy Prime Minister for Services and Development Affaires Hussein Maqbouli and capital Sana'a"...
Read More

Tamkeen Development Program: Empowering Yemeni Communities

2020-11-01 04:00:00

The conflict in Yemen has caused immense suffering and financial devastation in disadvantaged communities, leaving many dependent"...
Read More

Hodeida distributes solar systems for IDPs

2020-10-26 05:00:00

HODEIDA, Oct. 25 (Saba) - Hodeida province has started inaugurating the distribution of solar energy systems for internally displaced"...
Read More