Bombay Stock Exchange disrupted due to network outage

BSE has resumed trading after being disrupted due to a network outage

Bombay Stock Exchange (BSE) – India’s main stock market – has resumed trading after being disrupted due to a network outage.

Shares listed on the exchange, as well as its indices, stopped updating for nearly three hours on Thursday morning.

BSE has resumed trading after being disrupted due to a network outage (photo Wikimedia)

The main stock index, the Sensex, had risen in early trade before the outage.

The Sensex had risen to a fresh record high on Wednesday as investors hoped that the new government will announce economic reforms in its first budget.

India’s government is scheduled to present the budget on July 10.

Dipen Mehta, a member of the stock exchange, was quoted as saying by Indian news website Firstbiz that the decision to halt trading on Thursday morning was the right one.

“Otherwise it would create problems at the broker end,” Dipen Mehta said.

BSE suffered another technical glitch in June, which left real-time data feeds blank for nearly an hour and forced deals to be struck using prices from a rival exchange, traders said.

kA208N00r-c

Clyde K. Valle

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.