Two telecom lines fail to protect world’s top derivative bourse

By Nupur Acharya and Siddhartha Singh Less than an hour into trading in India’s $2.7 trillion stock market on Wednesday, dealers saw index levels on the National Stock Exchange’s cash segment had stopped updating. By 11:40 a.m., the world’s biggest derivatives bourse halted trading in all segments. The incident prompted the markets regulator to ask […]

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‘This is not done.’ Fear & loathing after tech glitch shuts down NSE

MUMBAI: A small-time broker-trader in Mumbai’s Santa Cruz area felt his heart sinking, when the short hand of the clock approached 3 pm and there was no update from the country’s largest stock bourse, National Stock Exchange, if trading will resume before the official 3:30 pm closing bell. Just before 12 pm on Wednesday, tickers […]

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When tech glitch made brokers revolt, seek more trading time

MUMBAI: A telecoms outage shut all trading on India’s National Stock Exchange for nearly four hours on Wednesday, leaving investors in the dark ahead of a monthly derivative contract expiry and forcing bourses to extend trading hours after it reopened. The NSE, headquartered in India’s financial capital Mumbai, is the world’s largest derivatives bourse by […]

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Tata Consumer to replace GAIL India in Nifty50 index from March 31

MUMBAI: Shares of Tata Consumer Products will be included in the Nifty50 index and will replace those of from March 31, the National Stock Exchange said in a statement today. Tata Consumer Products will enter the benchmark index for the first time in its history, making it the fifth Tata Group company to become part […]

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