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NSE technical glitch: Communication from exchange and regulator was very sketchy, say experts

videos | Feb 24, 2021 10:48 PM IST

NSE technical glitch: Communication from exchange and regulator was very sketchy, say experts

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A technical glitch halted trading on the National Stock Exchange (NSE) for nearly four hours on February 24, which later led to an extension of trade on the bourses. The glitch was noticed when exchange rates stopped updating at 10.08 am, following which NSE was forced to halt trading in cash as well as futures and options segments at 11.40 am.

A technical glitch halted trading on the National Stock Exchange (NSE) for nearly four hours on February 24, which later led to an extension of trade on the bourses. The glitch was noticed when exchange rates stopped updating at 10.08 am, following which NSE was forced to halt trading in cash as well as futures and options segments at 11.40 am.

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Trading resumed at 3.30 pm and the market remained open until 5 pm. BSE also extended trading hours until 5 pm. Although, the NSE blamed connectivity issues for today's fiasco, experts were of the view that the exchange and market regulator SEBI did not communicate the glitch and subsequent extension to traders efficiently.
To discuss the issue, CNBC-TV18 spoke to Alok Churiwala, MD of Churiwala Securities, JN Gupta, Former ED of SEBI and Nithin Kamath, Founder and CEO of Zerodha.
Watch the video to find out what they had to say.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

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