Mumbai: In an unprecedented step, the Bombay Stock Exchange has decided to shut stock markets after share prices and indices, including the Sensex, stopped updating due to a network outage. “Network service vendor HCL team is working to resolve the market. Once the network issue is resolved, the markets will restart,” a BSE spokesperson said.
This is the second time in two months, when BSE has faced a network glitch. Sensex values stopped updating just 15 minutes into continuous trade on Thursday. The markets were shut around 9.53 a.m., according to last updated time on BSE.
However, traders can carry out their transactions on the National Stock Exchange, which has been functioning smoothly. BSE, the oldest exchange in India, is nearly one tenth the size of NSE according to trading volumes.