Technical snag halts trading on NSE

National Stock Exchange which is the world's largest exchange is facing again a technology issue. NSE's benchmark indices Nifty and Bank Nifty both are not refreshing rates of the cash market. Traders and investors took to social media platforms to talk about a technical snag on the National Stock Exchange (NSE) which halted trading on the exchange on February 24.

NSE in a tweet said it had received communication from the telecom service providers that there are issues with their links due to which there was an impact on the NSE system.

"This is the risk factor all exchanges have and we should be patient for the trades to resume as these are part of trading infrastructure".

The cash market is the reference price for future market price. However, the futures market is working properly without a cash market price reference.

This is not the first time when NSE is facing a technology issue. Last year also, the exchange faced technology issues several times. Sebi had penalised as well to this exchange for the technical issues.