Market

Sebi asks NSE to ‘carry out a detailed root cause analysis of trading halt’

Markets regulator Sebi on Wednesday adivsed NSE to “carry out a detailed root cause analysis of the trading halt” witnessed on the stock trade earlier within the day.

“SEBI has advised NSE to carry out a detailed root cause analysis of the “trading halt” witnessed at NSE today and also explain the reasons for trading not migrating to the disaster recovery site. SEBI has asked NSE to submit its report at the earliest,” the regulator stated in a assertion.

It was knowledgeable by NSE that trading was halted at 11.40 am right now due to “issues with the links with telecom service providers”, Sebi additional stated.

SEBI was in fixed contact with NSE officers and continued to monitor the state of affairs carefully, it stated whereas including that NSE was additionally suggested to preserve the market individuals up to date with the evolving developments.

The “trading halt” continued until 3.30 pm. In view of the distinctive state of affairs arising out of the “trading halt”, it was determined to prolong the trading hours from 3.30 pm to 5.00 pm at NSE, BSE and MSEI.

Post resumption of commerce, the benchmark S&P BSE Sensex zoomed to day’s excessive in the course of the fag-end of the session, hovering 1,130 factors within the intra-day commerce. The index ended 1,030 factors, or 2 per cent, greater at 50,782 ranges. On the NSE, the Nifty50 closed above the 14,950-mark, up 272 factors or 1.9 per cent at 14,982 ranges.

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