Feb 24, 2021, 03:15:32 PM | Mirror Now
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Trading halted at National stock exchange due to technical glitch

National stock exchange (NSE) halted trading on Wednesday citing technical glitches. In a tweet, the NSE informed that it shut all market segments at 11.40 am due to technical issues with telecom links which caused an impact on their system. Trading will be restored once the issue is resolved, it assured. However, trades continued smoothly in all segments on benchmark BSE sensex, the index informed. The NSE Nifty was up 113 points or 0.77 percent at 14,820 at the time of trading halt. "The NSE outage is unfortunate, especially for this long. Global exchanges should have adequate backups to ensure that even if there is an outage it's restored fast," Sandip Sabharwal, a Mumbai-based fund manager told news agency Reuters. NSE has faced technical glitches on earlier occasions as well. In June 2020, its bank option segment prices were not reflecting on the terminal linked to the exchange. In September 2019 too, the bourse's system faced a trading outage as investors were unable to place orders in the final minutes of the trade.

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