NSE Cancels All Equity, Futures And Option, Currency Futures Open Orders After Technical Glitch

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NSE Cancels All Open Orders After Technical Glitch

Traders are worried about their positions a day ahead of expiry of derivative contracts.

The National Stock Exchange has cancelled all open orders of equity, equity futures and option and currency futures after trading was halted following a technical glitch at the exchange. Traders are worried about their positions a day ahead of the monthly expiry of derivative contracts for February, analysts said. Discount brokerage firm Zerodha informed its clients that the all open orders in the equity, F&O and currency (CDS) segments on NSE have been cancelled by the exchange.

Trading was halted at 11:40 am on the NSE due to a technical glitch as the live price quotes of Nifty and Bank Nifty indexes stopped updating around 10:00 am.

“NSE has multiple telecom links with two service providers to ensure redundancy. We have received communication from both the telecom service providers that there are issues with their links due to which there is an impact on NSE system,” NSE said on Twitter.

“We are working on restoring the systems as soon as possible. In view of the above, all the segments have been closed at 11:40 and will be restored as soon as issue is resolved,” NSE added.

The Nifty 50 index was stuck at 14,820, up 113 points from previous day’s close and Nifty Bank remained at 35,626.60, up 1.45 per cent since 10:15 am.

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The live price quotes of all the 11 sector gauges compiled by the NSE are also not updating due to the technical glitch at the National Stock Exchange.

Meanwhile, trading was happening normally on the BSE, wherein the 30-share Sensex rose 243 points or 0.5 per cent to 49,995.

State Bank of India was top gainer in the Sensex, the stock rose 2 per cent to Rs 404. Bajaj Finance, Axis Bank, HDFC Bank, Larsen & Toubro, IndusInd Bank, Titan, Bharti Airtel, Reliance Industries and Tech Mahindra also rose between 0.75-2 per cent.

On the flipside, TCS, Infosys, Hindustan Unilever, Sun Pharma, NTPC and Asian Paints were among the losers.

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