Market hours extended till 5 pm as trading resumes after NSE glitch, Sensex up over 900 points
At 11.40 am, trading had been halted on the NSE as a technical glitch stopped the updating of live price quotes of Nifty and Nifty Bank indices.
Trading on the National Stock Exchange resumed on Wednesday evening after it was halted due to a technical glitch. The snag had stopped the updating of live price quotes of Nifty and Nifty Bank indices around 11.40 am. Later, the market closing time was revised to 5 pm, instead of the normal 3.30 pm.
As per the revised schedule of trading, the index saw a 15-minute pre-opening session, starting from 3.30 pm, following which normal market operations began.
Around noon on Wednesday, the exchange had said that trading was halted due to a glitch with its telecom service providers.
“NSE [National Stock Exchange] has multiple telecom links with two service providers to ensure redundancy,” the NSE tweeted. “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.”
Meanwhile, the markets were trading in green on Wednesday evening. The 30-share BSE Sensex was at 50,651.68, up 900.27 points (1.81%) at 4.21 pm. The broader 50-share NSE Nifty had also gained more than 250 points to 14,960.10. All sectoral sub-indices were making gains, with Nifty Bank leading the pack, rising more than 3%.
Stocks of major lenders like HDFC Bank, State Bank of India, ICICI Bank and Axis Bank were among the top gainers while TCS, Sun Pharmaceuticals and Maruti Suzuki were losing the most.