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Netwrok Failure Shuts Down BSE

BSEThe Bombay Stock Exchange (BSE) was closed on Thursday not because of a holiday but because of a network failure, refleting the lethargic attitude of the organization to keep itself on toes to meet the country’s growing population and market trends.

Unlike in the past when it was corrected within hours after failure, today’s network outage not only forced closure of markets in BSE but also brought to shame the nation’s online preparedness.

India benchmark stock index opened earlier on Thursday at 25,875. However, all the trades booked before it went down will be cancelled, said a BSE statement.

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