BSE down due to network outage, morning trade held up

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Orders are stuck even as the network service vendor HCL Technologies is working to resolve the issue, dealers say. 

 

Bombay Stock Exchange (BSE) halted trading on Thursday morning across all of its markets, including shares, currencies and indexes due to a network outage.

Exchange operator BSE later said all orders placed before the network outage would be cancelled.

The exchange operator said its network service vendor HCL Technologies Ltd was working to resolve the issue.

“Due to a network outage being currently faced, BSE has decided to close all markets,” the exchange said in a statement sent via text message.

“Once the network issue is resolved, the markets will restart.”

A spokeperson for the BSE told Reuters at 10:08 am that trading would resume in a “few minutes”, although trading had yet to resume as of 11:30 am.

HCL was not immediately reachable for comment.

The BSE benchmark index Sensex as well as Nifty on Wednesday had hit new highs and closed at record levels after finance minister Arun Jaitley’s comments added to optimism that the Union Budget next week would outline strong steps to pursue fiscal prudence and revive economic growth.

The BSE Sensex had touched the 25,864.53-mark and settledat a new peak of 25,841.21, gaining 324.86 points (or 1.27%) and extending its string of gains to fourth day.

ibn&hindustantimes

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