Trading has been halted on NSE due to a technical glitch as the live price quotes of spot Nifty and Bank Nifty indexes have stopped updating. "NSE has multiple telecom links with two service providers to ensure redundancy. We have received communication from both the telecom service providers that there are issues with their links due to which there is an impact on NSE system," NSE said on Twitter.
"We are working on restoring the systems as soon as possible. In view of the above, all the segments have been closed at 11:40 and will be restored as soon as issue is resolved," NSE added.
The Nifty 50 index has been stuck at 14,820, up 113 points from previous day's close and Nifty Bank remained at 35,626.60, up 1.45 per cent since 10:15 am.
NSE has multiple telecom links with two service providers to ensure redundancy. We have received communication from both the telecom service providers that there are issues with their links due to which there is an impact on NSE system.— NSEIndia (@NSEIndia) February 24, 2021
The live price quotes of all the 11 sector gauges compiled by the NSE are also not updating due to the technical glitch at the National Stock Exchange.
Meanwhile, trading on the BSE was functioning normally.
The Indian equity benchmarks edged higher on Wednesday, led by gains in HDFC Bank, Reliance Industries, Bajaj Finance, Axis Bank, Larsen & Toubro, ICICI Bank and State Bank of India.
Coal India was top Nifty gainer; the stock rose nearly 5 per cent to Rs 143. Bajaj Finance, Indian Oil, Mahindra & Mahindra, JSW Steel, State Bank of India, Axis Bank, Hero MotoCorp, Eicher Motors, Reliance Industries and UltraTech Cement also rose 1-2 per cent each.
On the flip side, UPL, TCS, GAIL India, Power Grid, Kotak Mahindra Bank, Infosys and Dr Reddy's Labs declined 0.6-2 per cent each.