Financial Daily from THE HINDU group of publications
Tuesday, Nov 11, 2003
Financial Daily from THE HINDU group of publications Tuesday, Nov 11, 2003 |
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Stock Exchanges Markets - Stock Exchanges Technical snag hits NSE trading Our Bureau
Mumbai , Nov. 10 A TECHNICAL snag since morning hit the trading on the National Stock Exchange (NSE) today. Stock brokers said the exchange closed its trading between 11.25 a.m. and 12.45 p.m. But brokers said there was technical problem since morning with most of the brokers not able to log-on to their trading system when the market opened. The technical snag resulted in fall in turnover on the NSE's cash and derivatives market segment. On the cash segment, the turnover was Rs 2,531 crore compared to BSE turnover of Rs 2,489 crore. Normally turnover on NSE is more than double of BSE. Similarly, the turnover on derivatives segment was Rs 6,205 crore compared to average turnover of over Rs 10,000 crore. Despite technical snag, the exchange did not extend the trading hours and the market closed at its usual time at 3.30 p.m.
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