India's NSE defends communication over exchange shutdown
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
TUESDAY, MAY 17, 2022
TUESDAY, MAY 17, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
India's NSE defends communication over exchange shutdown

World+Biz

Reuters
26 February, 2021, 08:25 pm
Last modified: 26 February, 2021, 08:30 pm

Related News

  • India’s wheat supplies for food schemes will be tight, data show
  • India wheat export curb to be less explosive than prices suggest
  • Poor workers bear the brunt of India's heatwave
  • India resumes application process for Bangladesh Youth Delegation-2022
  • India sends over 400,000 MT of fuel to Sri Lanka

India's NSE defends communication over exchange shutdown

Traders and brokers had criticised the NSE over the lack of information after the four-hour shutdown on Wednesday, saying it had hurt investors

Reuters
26 February, 2021, 08:25 pm
Last modified: 26 February, 2021, 08:30 pm
FILE PHOTO: A security guard walks past the logo of the National Stock Exchange (NSE) inside its building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas/File Photo
FILE PHOTO: A security guard walks past the logo of the National Stock Exchange (NSE) inside its building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas/File Photo

India's National Stock Exchange (NSE) on Friday defended its communication over the reopening of the bourse after an unexpected shutdown this week.

Traders and brokers had criticised the NSE over the lack of information after the four-hour shutdown on Wednesday, saying it had hurt investors.

Because the exchange did not swiftly update on when the exchange would reopen, brokers began closing intra-day equity positions on another exchange, leading to sharp losses for some investors.

The NSE had announced that the exchange had shut at 11:40 a.m. local time because of a telecoms problem. It announced market re-opening at about 3:17 p.m., by which time many brokers had closed their investors' open positions.

"This communication was done only after there was visibility and clarity on resumption of services and any prior communication would not have been appropriate," the NSE said in a statement on Friday.

India / NSE / defends / Communication / shutdown

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Are banks only gainers from dollar crisis?
    Are banks only gainers from dollar crisis?
  • PK Halder wants to return home
    PK Halder wants to return home
  • Exporters for continuation of 0.5% source tax for 5 years 
    Exporters for continuation of 0.5% source tax for 5 years 

MOST VIEWED

  • An employee takes granules of 99.99 percent pure gold at the Krastsvetmet non-ferrous metals plant, one of the world's largest producers in the precious metals industry, in the Siberian city of Krasnoyarsk, Russia November 22, 2018. REUTERS/Ilya Naymushin
    Russia gives Credit Bank of Moscow licence to export gold
  • Swedish and NATO flags are seen printed on paper this illustration taken April 13, 2022. REUTERS/Dado Ruvic/Illustration
    Denmark, Iceland and Norway 'strongly welcome' Finnish and Swedish decision to apply for NATO membership
  • Ukrainian President Volodymyr Zelenskiy addresses South Korean parliament via video link, as Russia's attack on Ukraine continues, in Kyiv, Ukraine April 11, 2022. Ukrainian Presidential Press Service/Handout via REUTERS
    Ukraine's president says he discussed need for financial support with IMF's Georgieva
  • An LNG tanker is guided by tug boats at the Cheniere Sabine Pass LNG export unit in Cameron Parish, Louisiana, U.S., April 14, 2022. REUTERS/Marcy de Luna
    Surging natural gas prices squeeze US industrial sector
  • NATO prepares to add Finland and Sweden to northern defenses
    NATO prepares to add Finland and Sweden to northern defenses
  • Newly-appointed French Prime Minister Jean Castex arrives to attend the weekly cabinet meeting at the Elysee Palace in Paris, France, July 7, 2020. Photo:Reuters
    French PM hands in resignation ahead of expected cabinet overhaul

Related News

  • India’s wheat supplies for food schemes will be tight, data show
  • India wheat export curb to be less explosive than prices suggest
  • Poor workers bear the brunt of India's heatwave
  • India resumes application process for Bangladesh Youth Delegation-2022
  • India sends over 400,000 MT of fuel to Sri Lanka

Features

Bitcoin, by far the largest cryptocurrency, is a terrible substitute for government-issued money. Photo: Reuters

Crypto’s wild week offers a much-needed warning

11h | Panorama
Karst Stone Paper Journal: Write on indestructible stone paper

Karst Stone Paper Journal: Write on indestructible stone paper

12h | Brands
Pesky bugs do not stand a chance against this automatic indoor insect trap

Pesky bugs do not stand a chance against this automatic indoor insect trap

12h | Brands
Wazeenah: Turning furniture into a canvas

Wazeenah: Turning furniture into a canvas

12h | Brands

More Videos from TBS

Finland, Sweden decide to join NATO

Finland, Sweden decide to join NATO

3h | Videos
Where you can swim for Tk5

Where you can swim for Tk5

5h | Videos
Cultural activists pay tribute to Hassan Arif

Cultural activists pay tribute to Hassan Arif

8h | Videos
How PK Halder becomes a scamster

How PK Halder becomes a scamster

9h | Videos

Most Read

1
Representative Photo: Pixabay.
Bangladesh

Microplastics found in 5 local sugar brands

2
Mushfiq Mobarak. Photo: Noor-A-Alam
Panorama

Meet the Yale professor who anchors his research in Bangladesh and scales up interventions globally

3
Impact of falling taka against US dollar
Banking

Taka losing more value as global currency market volatility persists

4
Govt tightens belt to relieve reserve
Economy

Govt tightens belt to relieve reserve

5
Union Capital asked to return Tk100cr FDR to BATBC 
Banking

Union Capital asked to return Tk100cr FDR to BATBC 

6
How Bangladesh can achieve edible oil self-sufficiency with local alternatives
Bazaar

How Bangladesh can achieve edible oil self-sufficiency with local alternatives

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab