BSE Sensex ends on record high; NSE chaos leaves investors flustered
The BSE Sensex surged by over 355 points to record a new closing high of 31,715.64 and NSE Nifty settled above the 9,700-mark for the first time, even as technical glitches disrupted trade on NSE for hours leaving investors flustered.
The first session of the day’s trading was marred by chaos on NSE — the country’s biggest stock exchange — as it struggled to keep the trading session going. Trading was disrupted after price quotations for individual stocks and indexes failed to update. Following this, officials announced stoppage of cash and F&O segment due to technical reasons. The bourse apologised for the glitch saying it was examining the matter to identify the cause of the outage. Finally, trading could only begin after 1230hrs.
The finance ministry took note of it and sought a report from Sebi on the technical glitch in the NSE system that had led to trading disruptions. Sources in the ministry said it was a technical problem that led to trading disruptions, ruling out any instance of hacking. Sources said Sebi is constantly monitoring the situation and this sort of problem is a serious concern for the ministry, hoping that such situations do not recur.
The 30-share BSE index resumed …read more