Bombay Stock Exchange (BSE) shut after network outage

The Bombay Stock Exchange, India’s second-biggest financial market, shut down during morning trade Thursday owing to computer network problems, a spokesman said.

BSE india

“Due to a network outage being currently faced, BSE has decided to close all markets,” spokesperson Yatin Padia said in a message to AFP, after trading stopped soon before 10.00am local time (04:30 GMT).

Padia said technicians were working to resolve the problems, after which the markets would restart.

The BSE suffered another technical glitch last month, which left real-time data feeds blank for nearly an hour and forced deals to be struck using prices from a rival bourse, traders said.

The Sensex, the leading index for Indian shares on the BSE, ended at a record high Wednesday on hopes the newly elected government will announce reforms to revive the economy in its first budget next week.