The National Stock Exchange (NSE) on Wednesday abruptly shut its cash and derivatives segment, following a major technical glitch that disrupted trading for nearly four hours. The Securities and Exchange Board of India (Sebi) has sought a report from the NSE on shutdown of the exchange.
The market regulator had asked the NSE to conduct a root-cause analysis of the “trading halt” witnessed and also explain the reasons for trading not migrating to the disaster recovery site.
Sebi has asked the NSE to submit its report at the earliest. The regulator said the NSE was also advised to keep the market participants updated with the evolving developments. 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 the NSE, BSE and MSEI,” Sebi said.