Trading resumes at NSE after 4 hours, normal trading time extended till 5 pm
New Delhi | Jagran Business Desk: The country's largest stock exchange NSE on Wednesday said trading resumed at 3:45 pm after activity came to a halt at 11.40 am due to connectivity issues. Both NSE and BSE said their equity and derivatives markets will remain open till 5 pm.
"BSE equity and equity derivatives markets will remain open till 5 pm today as decided jointly between exchanges today. All other markets timings will remain as normal," BSE said in a statement. According to an NSE notification, futures and options (F&O) and normal market operations resumed at 3:45 pm and will close at 5 pm.
The National Stock Exchange (NSE) halted trading earlier in the day after live price quotes of spot Nifty and Bank Nifty indexes have stopped updating due to a technical glitch. The glitch occurred as rates on NSE stopped updating at 10.08 a.m. which led to the closure of the F&O segment by 11:40 am and the Cash market by 11:43 am.
The bourse said it depends on two telecom service providers for connectivity, and both failed simultaneously resulting in the outage. However, the broader Indian markets were not impacted, as communication lines at BSE continued even as NSE faced troubles.
"NSE has multiple telecom links with two service providers to ensure redundancy and 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," a statement from an NSE spokesperson said earlier in the day.
Meanwhile, equity benchmark Sensex jumped over 200 points in the opening session on Wednesday tracking gains in index majors Reliance Industries, HDFC Bank and Axis Bank, despite a weak trend in global markets. The 30-share BSE index was trading 207 points or 0.42 per cent higher at 49,958.41. Similarly, the broader NSE Nifty was quoting 69.35 points or 0.47 per cent up at 14,777.15.
Axis Bank was the top gainer in the Sensex pack, rising around 2 per cent, followed by Bajaj Finance, SBI, Reliance Industries, ONGC and UltraTech Cement. On the other hand, TCS, PowerGrid, Infosys, HUL and Tech Mahindra were among the laggards. In the previous session, Sensex ended 7.09 points or 0.01 per cent higher at 49,751.41, and Nifty settled 32.10 points or 0.22 per cent up at 14,707.80.
Posted By: Talibuddin Khan