Network outage at BSE Sensex exposes chinks in system integrity

Jul 05 2014, 12:30 IST
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Trading proceeded without interruption at the National Stock Exchange, the largest bourse. Reuters Trading proceeded without interruption at the National Stock Exchange, the largest bourse. Reuters
SummarySebi has asked bourse for written explanation.

said a source.

According to the BSE, more than 8,000 connections log in every day. “At 9.42 am, the number of primary connections had come down to less than 2,000 and hence market needed to be closed as per current regulations applicable to closure of markets,” the BSE official said.

The problem was resolved by 12.15 pm before the market could be started from the Disaster Recovery Site located at Dhirubhai Ambani Knowledge City.

The BSE Sensex closed at 25,823.75, down 17.46 points from Wednesday’s close, after hitting life-time high of 25,999.08.

The NSE 50-share Nifty today moved down 10.35 points, or 0.13 per cent, to finish at 7,714.80 after hitting all-time high level of 7,754.65 in early trade.

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