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NSE glitch: Investors continue to face issues

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Full-fledged trading resumed on the National Stock Exchange of India

"Due to technical reasons in the cash market, trading has been stopped in cash and F&O segment of the NSE", the exchange had said in a statement at around 1030 hours.

NSE in an announcement on its website said cash and F&O markets are functioning normally.

However, after fixing the glitch, the trading on the National Stock Exchange resumed at 12:30 pm and the benchmark Nifty rose to an all-time high of 9,782.15 and the Sensex rose as much as 408 points to hit high of 31,768.39.

"For us the main concern is liquidity for the stocks that we are operating in today because only BSE is on", said Gautam Sinha Roy, a fund manager at Motilal Oswal Asset Management Co.

Meanwhile, trade activities on the Bombay Stock Exchange (BSE) remained unaffected. "A clear framework will remove uncertainties from the minds of the traders and investors", said the former ED of SEBI.

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Over one-and-a-half years ago too, in December 2015, NSE suffered a disruption that halted trading in the futures and options and cash segments. F&O and cash trading came to a standstill following a software problem. The NSE will send a detailed report to Sebi. Secondly, the system was expected to be rectified quickly and shifting BCP site would have taken longer time.

The Finance Ministry has sought a report from SEBI on this issue.

"NSE deeply apologises for the glitch". Besides, the NSE has referred the matter to the Standing Committee on Technology to review the problem and approve measures to prevent recurrence of such glitches.

Dealers reportedly said that the NSE prices were not updating since the day's beginning and that they were unable to get through, according to the Economic Times reports.

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