Trading was halted on the National Stock Exchange (NSE) at 11:40 a.m. on Wednesday due to a technical glitch, as live prices of the Nifty and Bank Nifty spot indices stopped updating.
NSE informed on Twitter that it is working to correct the processes.
“NSE has multiple telecommunications links with two service providers to provide redundancy. We have received information from both telecommunications service providers that there are problems with their links due to an impact on the NSE system, “NSE wrote on Twitter.
He added: “We are working on restoring systems as soon as possible. In view of the above, all segments were closed at 11:40 am and will be restored as soon as the issue is resolved.”
However, it immediately took hold on Twitter, with netizens presenting various hilarious concerns through memes making #trading one of the top trends of the day.
Discount brokerage firm Zerodha said on its platform: “There is an issue with live ticks for NSE indices (Nifty 50, Nifty Bank and others) between brokers. We are in contact with NSE to solve this problem.” During this time, Sensex live price quotes update normally.
The Nifty 50 index remained stuck at 14,820, up 113 points from the previous day’s close and Nifty Bank remained at 35,626.60, up 1.45% since 10:15 a.m. However, Nifty and Nifty Bank Futures prices update normally.
The live price quotes of all 11 sector gauges compiled by the NSE are also not updated due to the technical issue at the National Stock Exchange.