MUMBAI, July 3 (Business Standard): Capital market regulator Securities and Exchange Board of India (Sebi) has sought a reply from the Bombay Stock Exchange (BSE), which had shutdown all markets due to a network outage.
Asia's oldest stock exchange, BSE, which operates in equities, derivatives, currency and debt segments, was unable to update prices of securities due to network problems.
The exchange had therefore decided to close all markets till the technical issue was resolved.
"Due to network outage being currently faced, BSE has decided to close all markets. Network service vendor HCL team is working to resolve the market. Once the network issue is resolved, the market will restart," said a BSE spokesperson.
After being shut from 9:30 am, BSE held a new pre-opening session at around 12:45 pm.
According to regulatory sources, Sebi has asked the exchange to submit a written reply by the end of the day. "Based on the reply, we will decide whether it warrants any action or corrective measures from our side," said a source.
The exchange is said to be working on the reply to be submitted to the market regulator.
The market shutdown comes at a time when the benchmark BSE Sensex is trading at an all-time high level.
Sebi seeks reply from BSE on market shutdown
FE Team | Published: July 04, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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