InvestorQ : Is SEBI taking any action against NSE for the shutdown of trade on 24 February?
Arusha Ray made post

Is SEBI taking any action against NSE for the shutdown of trade on 24 February?

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2 months ago
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As a first priority, SEBI has asked NSE to carry out a detailed root cause analysis or RCA of the trading halt on 24 Feb which nearly halted trading for better part of the day, resulting in an extended session. SEBI has also asked NSE to explain reasons for not migrating to the disaster recovery site, when the facility was available. SEBI also wanted to know why the public announcement was only made at 11.40, when trading had halted at 10.30.

The trading was halted till 3.30 pm and due to the exceptional situation it was decided to extend trading hours from 3.30 pm to 5.00 pm at NSE and BSE. On resumption, a mix of short covering of positions and early expiry adjustments, the Nifty rallied by 272 points while the Sensex rallied by 1130 points.

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