The NSE handles about twice the stock volume of rival BSE Ltd and controls about 80% of India’s derivatives market, which is among the world’s largest. “Will they be scrapped, reversed or executed? The bourse could have done a better job at communicating as clarity reduces chaos." “We punched in the trades and they are still pending, and we don’t know whether we got the shares," said Shah. As of 3:15 pm local time, he was still waiting to find out if his firm owned the stock, which rose 51% on its debut. Choksi Share Brokers Pvt., said his firm placed orders for AU Small Finance Bank Ltd on its first day of trading. A pricing display issue was still being addressed even after that.Īshish Shah, head of equities at Mumbai-based A.C. Technical issues persisted, forcing it to delay the restart to 11 am before it finally reopened at 12:30 pm. The bourse shut both the cash and derivatives segments at 9:55 am local time and said premarket trading would resume at 10:45 am. NSE’s problems started soon after the open, when traders were unable to execute trades and prices were not updating, according to Arun Kejriwal, founder of Kejriwal Research and Investment Services. “The bourse could also be efficient in communicating the issues, if they happen again, and minimize the chaos that prevails in these circumstances."ĪLSO READ: BSE shares surge nearly 9% intraday amid NSE trading trouble “Lessons need to be learned from incidences like these and utmost precaution should be taken to avoid a recurrence," said Dipan Mehta, an NSE member.
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