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BSE resumes trading after network outage

Last updated on: July 03, 2014 13:29 IST

India's exchange operator BSE said trading had resumed across all of its markets after being disrupted for about three hours due to a network outage earlier on Thursday.  

Trading had been disrupted across BSE-listed shares and products for most of the morning due to the outage. 

Earlier in the day, BSE had said that it had halted trading across all of its markets, including shares, currencies and indexes due to a network outage.

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BSE later said all orders placed before the network outage would be cancelled.  

The exchange operator said its network service vendor HCL Technologies Ltd was working to resolve the issue. Multiple traders this morning had told Reuters share prices in the BSE exchange were not updating.   

"Due to a network outage being currently faced, BSE has decided to close all markets," the exchange said in a statement sent via text message. "Once the network issue is resolved, the markets will restart."  

A spokesman for the BSE told Reuters at 1008 am India time (0438 GMT) that trading would resume in a "few minutes," although trading had yet to resume as of 0515 GMT.

HCL was not immediately reachable for comment. 

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Abhishek Vishnoi and Indulal PM
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