Stock exchanges BSE and NSE have confirmed to the media that their operations are unaffected by the global outage linked to Microsoft’s technical issues.
Which Trading Platforms faces glitches?
However, several trading platforms, including IIFL Securities, Angel One, and 5Paisa, have reported glitches and issues with their applications due to an outage affecting Microsoft Azure, the cloud computing platform powering many of their critical systems.
Traders using Nuvama, Edelweiss, and Motilal Oswal have also experienced technical outages. Edelweiss Mutual Fund stated that it is encountering login issues on its website due to the Microsoft outage.
5Paisa also addressed the situation on X, stating, “Due to a global outage with Crowdstrike/Microsoft, offering a cybersecurity solution, our systems are affected. Our team is working closely with both to restore our systems as soon as possible.”
We have witnessed a limited impact, as our networks are built to minimise the effects of such outages on our ecosystem. We have deployed a software patch in our back office and settlement functions and reported the same to the exchanges”, said a Nuvama Spokesperson.
Where was the issue reported ?
Users have taken to social media platform X, reporting that their market orders were not being processed due to app glitches. IIFL Securities issued a statement to its clients explaining that a global issue with Crowdstrike Antivirus protection software, which is installed on their servers and endpoints, has caused system reboots and blue screen errors.
What was the broader impact ?
The Microsoft outage has caused a series of technical glitches, disrupting services at airlines, banks, and the London Stock Exchange. The first glitches emerged in the US late on Thursday, attributed to a failure of Microsoft services including Azure and 365.
(With CNBC-TV 18 inputs)