NSE halts trading due to a technical glitch

Trading came to a halt on Monday at the National Stock Exchange (NSE) in morning deals after a technical glitch. According to reports, individual stock prices were not getting updated on the system and investors failed to place orders. The NSE shut down trading in the futures & options (F&O) segment at 9:55am and is likely to resume around 10:45am, reports suggest. "Due to technical reasons in cash market, trading has been stopped in both Cash and F&O segment of NSE.The technical team of NSE is looking into the issue. Market re-open time will be intimated shortly," the exchange said in a statement. Future & Option Trading Tips




“Technical glitches can happen and exchanges will have to work to resolve such issues. They have an issue of addressing the traders / orders that are there in the system that needs to be resolved on a priority basis. How will an intermediary handle the stuck orders in the system is always a big challenge. There is not transparency in such issues to the market participant. This is where Sebi can step in,” said Deven Choksey, managing director, KR Choksey Securities. “Having said that, India is in a unique position as it has two big exchanges that operate simultaneously. If the trading comes to a halt on one exchange due to a technical glitch, investors can still trade on the other exchange,” he adds. Financial Astrology Tips