Investors on the Bombay Stock Exchange (BSE) were unable to buy or sell orders on Monday for nearly two-and-half hours, due to technical glitches that forced the bourse to halt the trading from 12 pm to 2:30 pm.
Traders complained that their orders were being executed on the exchange but there was no confirmation for those trades.
BSE later informed that the glitches had been resolved. With the festival season around, BSE has assured that such mishaps would not recur.
Trading on the National Stock Exchange (NSE) was normal. According to market experts there was hardly any impact on the overall volume of trade owing to the NSE being fully functional.
“This was one of the rare problems which happened. NSE, the alternate exchange, was operational and so there was hardly any impact,” said Divyesh Shah, CEO, Indiabulls Securities.