Fear Gauge for India Jumps as Stock Traders Mull Modi Win Margin bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Both service providers Bharti Airtel and Tata Communications went down at the same time, hamstringing migration from Mumbai to Chennai, the people said, asking not to be identified discussing internal deliberations
Two Telecom Lines Fail to Save World s Top Derivative Bourse msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
By Nupur Acharya and Siddhartha Singh
Less than an hour into trading in India’s $2.7 trillion stock market on Wednesday, dealers saw index levels on the National Stock Exchange’s cash segment had stopped updating. By 11:40 a.m., the world’s biggest derivatives bourse halted trading in all segments.
The incident prompted the markets regulator to ask the NSE to investigate why trading didn’t migrate to its disaster-recovery site to prevent the longest-ever trading outage the country has seen. The exchange handles the globe’s highest number of futures and options contracts, and with expiry looming Thursday, business was humming.