The benchmark index Sensex opened the day with an over 83 points gain at 09.15 hrs to hit another record-high of 25,924.25. But about 30 minutes later at 09.42 hrs, a glitch developed on its network and the trading was halted across all platforms of the exchange, including equities and currencies.
It resumed trading with another pre-open session after three hours. It closed the day lower by 17 points at 25,823.75.
Motilal Oswal Securities Chairman Motilal Oswal said: "Though there is no systemic issues at the BSE technology platform, it is very important issue. What is more surprising is that why its disaster resolution system took three hours to activate, while the very purpose of the DRS is real-time crisis resolution.
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At the end of trade today, BSE's derivative segment's total turnover tumbled 74 per cent to Rs 13,394.80 crore, while equity segment's turnover tanked 67 per cent to Rs 1,429.99 crore compared to the previous closing levels.
"There was a corresponding drop in volume at the BSE today due to a network outage," Destimoney Securities MD and CEO Sudip Bandyopadhyay said.
This is the second time in two months that Asia's oldest stock exchange, set up in 1875, faced a technical snag. The last time it happened for a short while was when BSE's new BOLT platform for currency trading faced was launched.