NSE continues to get favoured treatment

In 1992, when the NSE was conceived, the idea was to offer strong competition to the unruly BSE. The situation has long reversed

Topics
National Stock Exchange of India NSE | NSE glitch | BSE Sensex

Debashis Basu 

Debashis Basu

On February 24, stock trading at the National Stock Exchange (NSE) platform started wobbling. At 10.06 am the live ticks for the NSE indices stopped. But the NSE kept the market open. Then at 11.40 am, the NSE shut the derivatives market and, after three minutes, the equities market.

There was no prior notice. Then, NSE Clearing Ltd (NCL), a wholly-owned subsidiary of the NSE, responsible for clearing and settling all trades executed on the NSE, and its risk management function, shut. The market remained shut for the next four hours. There was no communication from the NSE. Brokers and ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, March 01 2021. 00:13 IST
RECOMMENDED FOR YOU
.