Due to a technical glitch, National Stock Exchange (NSE) stopped updating and NSE India closed cash and F&O market at 11. 40 am and 11. 43 am respectively. It closed all segments at 11.40 am.
NSE India issued a statement saying, "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."
It added, "We are working on restoring the systems as soon as possible. In view of the above, all the segments have been closed at 11:40 am and will be restored as soon as issue is resolved."
However, now as reported by ET Now, the Ministry of Finance has intervened and gotten in touch with the market regulator SEBI.
FinMin has asked NSE India to explain the technical glitch and asked how long will it take to rectify and start the trading.