BSE shares surge nearly 9% intraday amid NSE trading trouble
BSE shares zoomed 8.82% to Rs1,161.05 on NSE in intraday trading session, later trimmed most of the early gains and closed at Rs1,085.10, up 1.70%
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New Delhi: Shares of BSE (Bombay Stock Exchange) surged nearly 9% in intra-day trade on NSE (National Stock Exchange) on Monday after trading resumed at the bourse during the afternoon session following a technical glitch.
The country’s largest bourse NSE on Monday halted trading for over three hours due to a technical glitch, leaving investors with no real time updates.
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NSE had earlier in the day sought clarification from rival BSE about a significant increase in the trading volume of its shares. Shares of BSE zoomed 8.82% to Rs1,161.05 on NSE in intra-day trading session. It later trimmed most of the early gains and closed at Rs1,085.10, up 1.70%.
On the volume front, a total of 102,668 shares of the exchange were traded on NSE during the day. The BSE, which got listed on NSE’s platform in February, said no price sensitive information is pending with it for furnishing to NSE.
“Significant increase in volume has been observed in BSE Ltd. The exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company,” NSE said.
In its response BSE said that there is no such announcement or price sensitive information, which is pending to be intimated by the company to the stock exchange concerning its performance.