NSE Suffers Glitch as Markets Soar, Traders Across India Take To Social Media to Complain About Not Being Able to Carry Out Transactions
With the BSE Sensex closing at higher index on the opening day of the week at 39,090 -- up by 1075.4 points and Nifty crossing the 11,000 marks at 11,006 -- up by 326 points, not all brokers are happy with the day's events. There were several complaints from the traders that the NSE's feeds crashed globally just about 20 minutes before market close. Here's how they complain.
Mumbai, September 23: With the BSE Sensex closing at higher index on the opening day of the week at 39,090 -- up by 1075.4 points and Nifty crossing the 11,000 marks at 11,006 -- up by 326 points, not all brokers are happy with the day's events. There were several complaints from the traders that the National Stock Exchange of India Limited's feeds crashed globally just about 20 minutes before market close.
The happiness of the traders weeks after the economic slowdown turned sour after they could not trade in the NSE 20-30 minutes prior to market closing. Though the problem was persistent and the traders were looking for options to buy and sell their stocks, things became awry for them when they could not deal with their trade at the closing hour on the opening day of the weekend. Sensex Jumps 1,200 Points, Nifty Crosses 11,650 Mark on Corporate Tax Cut
Elaborating more about the issue, a trader on anonymity stated, "We could not trade after 3:30 pm, as it looked that market froze. Neither we could buy the shares or sell them. We were informed that trading was possible only under Tier-1 in NSE, while Tier-2 and Tier-3 remained problematic throughout the day. "
Apart from this, even unsatisfied traders took to Twitter to show their ire over the issue. One of the traders wrote, "#NSE feeds crashed globally just about 20 minutes before market close. Come on people, let your conspiracy theories start pouring in..." Sensex Zooms 2,000 Points, Nifty at 11,262 After Nirmala Sitharaman Announces Corporate Tax Cut.
Here's the Tweet:
While other social media handler wrote:
Some even smell conspiracy:
And there were others with specific timing:
Among them, some lost too:
With all the updates from the market, BPCL, L&T, Bajaj Finance and IOC emerged as top gainers on NSE today. While Zee, Tata Motors and Dr Reddy labs began the first day of the week on a losing streak.
(The above story first appeared on LatestLY on Sep 23, 2019 04:34 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).