The SEBI also directed National Stock Exchange to explain the reasons for trading not migrating to the disaster recovery site after NSE trading halted on 24/02/2021.
The SEBI Questions NSE Why Trading Was Not Mitigated To NSE Disaster Recovery Site
Mumbai (ABC Live India): The
Securities and Exchange Board of India has directed the National Stock Exchange (NSE) to carry
out a detailed root cause analysis of the “trading halt” witnessed at NSE on
The SEBI also directed National Stock Exchange
to explain the reasons for trading not migrating to the disaster recovery site.
The National regulator has asked NSE
to submit its report at the earliest.
It was informed by NSE to SEBI that
trading was halted at 11.40 am today due to “issues with the links with telecom
The official of SEBI stated that they remained in constant touch with NSE officials till normalcy regained, and continued to monitor the situation closely. Further, 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 NSE, BSE and MSEI.
The NDTV Reported
on February 24, 2021 1:26 pm IST that the Trading has been
halted on NSE due to a technical glitch as the live price quotes of spot Nifty
and Bank Nifty indexes have stopped updating. "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 said
Also, The Money Control, an Indian News portal reporting on financial matters reported that after trading resumed the NSE, BSE trading hours extended till 5 pm.
It is pertinent to report that on March 4,
2020, the National Stock Exchange of India Ltd
(NSE) has successfully completed live trading and other operations from its
Disaster Recovery (DR) site, on Monday 2nd March and Tue 3rd March 2020. The
Press Release of this effect was issued by NSE after successful live trading and other
operations from its Disaster Recovery (DR).