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Trading halted on NSE due to telecommunication link issues

Trading halted on NSE due to telecommunication link issues

Feb 24, 2021
02:59 pm

What's the story

Severe technical issues have halted trading on the National Stock Exchange (NSE) today. Ongoing issues with the stock index's telecommunications infrastructure have affected the spot NIFTY and Bank NIFTY indexes, which have stopped updating. NSE has issued a tweet clarifying that the disruption has been caused by two of its telecom service providers.

Connectivity issues

Both NSE telecom providers experience disruption in connectivity

The NSE's tickers stopped updating in the morning, prompting the dematerialized stock exchange to close all segments as of 11:40 am today. The downtime is attributed to NSE's telecom providers experiencing connectivity issues with their own links. The exchange tweeted that it is working toward fixing the issues, and the services will resume as soon as the connectivity is restored.

Twitter Post

Here is the tweet by NSE

No options

Stocks can be traded in BSE, but F&O trades affected

Despite the disruption, stocks can still be traded in the Bombay Stock Exchange. However, this doesn't apply to futures and options trades on NSE, which continue to be affected by the downtime. Meanwhile, the NIFTY 50 index has been stuck at 14,820 mark, whereas NIFTY Bank is at 35,626.60 points since 10:15 am. NIFTY and NIFTY Bank Future prices, however, are updating normally.

Extended downtime

Update: Trading halted across all segments; Downtime extended further

The NSE just stated that trading has been halted across all market segments, which includes cash/equity, futures, and options. ICICI and other brokerage houses have issued notifications that NSE cash and derivatives markets won't be resuming at 1:15 pm as notified earlier. Meanwhile, all open orders will be canceled to prevent them from auto-executing at different prices once the market resumes operations.