CDSL glitch hits sell orders, brokers allow clients to skip authorisation

Market players said issue was with CDSL's portal used for authorising debit of securities from demat accounts. The system was set up last year to prevent misuse of power of attorney by brokers

Scores of individual investors were unable to execute ‘sell’ orders during early trade on Monday due to a technical issue with the Central Depository Services India (CDSL), the country’s largest depository in terms of number of accounts.

Initially, investors thought it was on account of a glitch with their brokerages. However, broking firms were quick to notify their users that the issue was at CDSL’s end.

“You may face an issue with authorising the sale of your stocks due to an issue with CDSL. We are in touch with CDSL to have the issue resolved at the earliest, “tweeted Zerodha,