Sensex surges over 1030 points in extended session after technical glitch on NSE3 min read . Updated: 24 Feb 2021, 05:19 PM IST
- NSE had earlier halted trading due to technical glitch
- Banking stocks led the gains today
India's stock markets surged today in extended session after trading was halted for about four hours on NSE due to a technical glitch. Trading was extended on BSE and NSE till 5 pm after they reopened at 3:45 pm. The Sensex rose 1030 points to finish at 50,781 while Nifty rose 1.9% to 14,982.
Banking stocks led the gains with Nifty Bank index surging nearly 4%. HDFC Bank and Axis Bank surged over 5%.
National Stock Exchange (NSE) had earlier halted trading in all segments at 11.40 am due to a technical glitch.
"NSE has multiple telecom links with two service providers to ensure redundancy. We have received communication from both the telecom service providers that there are issues with their links due to which there is an impact on NSE system," NSE informed on Twitter.
"All F&O MIS positions will get squared off at 4.15 pm and all F&O CO positions will forcibly be squared off by 4 pm," said Nithin Kamath, founder and CEO of Zerodha in a tweet.
In a tweet, ICICI Securities said: "NSE has resumed trading and cancelled all pending orders. Your positions in NSE in Margin plus, Margin broker mode, Future plus, Future plus with stop loss and Option Plus, Currency SLTP without having corresponding stop loss orders will be squared off at 4 pm."
Retail traders who frequent the live feed were complaining since morning on Twitter about the technical error.
NSE halts trading latest updates
"There is an issue with live ticks for NSE indices (Nifty 50, Nifty Bank and others) across brokers. We are in touch with NSE to have this fixed," Brokerage firm Zerodha said in a tweet.
"NSE does all sort of Mock Trading sessions for system testing, still such things happen in real time and not during mock sessions. Face with rolling eyes. *NIFTY / BANKNIFTY spot prices frozen since 10:07*," one user pointed out.
Some Twitter users had humorous ways to register the complain.
Wednesday’s disruption revived memories of an episode in July 2017, when the NSE shut both the cash and derivatives segments due to technical issues, with traders unable to execute trades at its venue and prices not updating.
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