According to a market source, trading terminals of the country's largest exchange, NSE was hit by a technical glitch on Monday, leaving investors with no real-time updates. The glitch hit the NSE at 15:15 hrs for around 10 minutes. However, the problem got resolved minutes before the closing session. The reason for the glitch is still ascertained.
The NSE took to Twitter and gave the Market update for September 23
Many brokers could not get feeds or price updates due to a connectivity issue with one of the internet services providers Sify. Later, the issue got resolved.
"There was a connectivity issue with Sify during the morning trade session due to which some brokers could not get feeds. The issue has been resolved by the internet service provider, " NSE spokesperson said.
ICICI Direct had said in a tweet in the morning, "Price feeds not coming from NSE due to technical issues at NSE end. Limit orders not going across all products. Please place a limit price."
The issue was resolved later and ICICI Direct tweeted about the same-
NSE price feeds are now coming. Issue resolved at exchange end. You can place market orders now. All margin products enabled for trading.— ICICIdirect (@ICICI_Direct) September 23, 2019
The Bombay Stock Exchange (BSE) Sensex skyrocketed at a 3.34 percent high at over 39,000 points, and the National Stock Exchange of India (NIFTY) soared at a 3.63 percent high at over 300 points on Monday, leading to a major boost to the Indian economy. This hike has come even after the markets soared on Friday where the Sensex closed at an unprecedented 5.32 percent high at 38,014.62 points and Nifty skyrocketed to 11,275.45 points after gaining 5.33 percent from 570.65 points. The economic developments have come after the Finance Minister, Nirmala Sitharaman had made announcements to boost the economy, especially after the announcement of cutting down the corporate tax rate.
(With Inputs from PTI)