SEBI seeks report from NSE on tech glitch

Our Bureau Updated - February 24, 2021 at 07:05 PM.

Birds rest on the logo of the Securities and Exchange Board of India (SEBI), India's market regulator, installed on the facade of its head office building in Mumbai, India, in this July 13, 2015 file photo. India will crack down on errant financial firms that raise funds, mainly from millions of rural poor customers, through loosely regulated credit cooperative societies, a senior official in the agriculture ministry said. REUTERS/Shailesh Andrade/Files

SEBI has advised NSE to carry out a detailed root cause analysis of the “trading halt” witnessed at NSE today and also explain the reasons for trading not migrating to the disaster recovery site. SEBI has asked NSE to submit its report at the earliest.

"It was informed by NSE that trading was halted at 11.40 am today due to “issues with the links with telecom service providers” SEBI was in constant touch with NSE officials and continued to monitor the situation closely. NSE was also advised to keep the market participants updated with the evolving developments." SEBI said in a statement

The “trading halt” continued till 3.30 pm. In view of the exceptional situation arising out of the “trading halt”, it was decided to extend the trading hours from 3.30 pm to 5.00 pm at NSE, BSE and MSEI.

Published on February 24, 2021 12:24