...
...
Next Story

Govt seeks report on NSE trading glitch

Sources at the finance ministry said it was a technical problem that led to trading disruptions and there was no information about hacking.

Updated on: Jul 10, 2017, 14:48:08 IST
New Delhi | By
Prefer HTon Google
Advertisement

The finance ministry today sought a report from Sebi on the technical glitch in the National Stock Exchange’s system that had led to trading disruptions.

NSE Building in Mumbai. (Livemint)
NSE Building in Mumbai. (Livemint)

Sources at the ministry said it was a technical problem that led to trading disruptions and there was no information about hacking.

Investors faced problems on the NSE, which had briefly stopped trading in cash and F&O (futures and options) segments. Later, trading activities resumed at 1230 hours.

Sources said Sebi is constantly monitoring the situation and this sort of problem is a serious concern for the ministry, hoping that such situations do not happen again.

The ministry has sought a report on the issue.

“Let’s wait for the report. The NSE will send a detailed report to Sebi. The report will be sent to us through Sebi. We expect an interim report from Sebi by the end of the day,” the sources said.

In a statement, the Securities and Exchange Board of India (Sebi) said it is in touch with the NSE and is closely monitoring the situation.

Earlier, brokers and those trading on the NSE had said stock prices did not get updated and there was also an issue in accessing the F&O segment.

A BSE spokesperson said the exchange is not facing any problems.

 
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe