Extension in trading time not required, ANMI President KK Maheshwari tells Anil Singhvi after NSE encounters glitches

Even as the NSE encountered some glitches on Monday in the early morning trade, extending trading time beyond the closing time of 3:30 pm is not required, KK Maheshwari, President, Association of National Exchanges Members of India (ANMI) tells Zee Business Managing Editor Anil Singhvi.

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Maheshwari had said this at the time when NSE was resolving the issue. He said that the extension was not required as the issue of pertaining to rate refreshing in Nifty indices. He had expressed hope of n early resolution of the problem then.   

At 11.03 AM, NSE tweeted from its official Twitter handle, "This is to update you that broadcast has resumed normally in all indices."

This is to update you that broadcast has resumed normally in all indices.

— NSEIndia (@NSEIndia) March 7, 2022

The Indian stock exchanges reported glitch amid massive sell-off on Monday as many users and investors complained. The shares of the companies had stopped updating on the real-time basis on the NSE in the early hour of trade.

ऑर्डर प्लेस करने से पहले मार्केट डेप्थ जांचें: ANMI प्रेसिडेंट के के माहेश्वरी

अगले 2 दिन BSE में ऑर्डर प्लेस करें: ANMI प्रेसिडेंट के के माहेश्वरी

ANMI प्रेसिडेंट के साथ अनिल सिंघवी की EXCLUSIVE बातचीत..@AnilSinghvi_ | @OfficialAnmi #NSEindia pic.twitter.com/IS4lRKemkJ

— Zee Business (@ZeeBusiness) March 7, 2022

"Trading in all segments is functioning normally. However, NIFTY and BANKNIFTY indices are intermittently not getting broadcasted. The Exchange is working on resolving the issue and shall keep the members informed," NSE India tweeted on its official Twitter handle.

"Since morning the rate refreshment was not taking place in the cash market but that problem is now resolved," Maheshwari informed. "At present the rates are being refreshed in the proper manner. However, the index is not getting refreshed properly," the ANMI President had said.

The Indian markets witnessed huge drop during today’s session, as Sensex slipped more than 1700 points and Nifty50 trading below 15800-mark, on the back of higher crude oil prices amid Russia and Ukraine geopolitical tensions.