Bombay Stock Exchange resumes trading
- 3 July 2014
- From the section Business
India's main stock market, Bombay Stock Exchange (BSE), has resumed trading after being disrupted due to a network problem.
Shares listed on the exchange, as well as its indices, stopped updating for nearly three hours on Thursday morning.
The main stock index, the Sensex, had risen in early trade beforehand.
The Sensex had risen to a fresh record high on Wednesday as investors hoped that the new government will announce economic reforms in its first budget.
The government is scheduled to present the budget on 10 July.
Dipen Mehta, a member of the stock exchange, was quoted as saying by Indian news website Firstbiz that the decision to halt trading on Thursday morning was the right one.
"Otherwise it would create problems at the broker end," Mr Mehta said.
The stock exchange suffered another technical glitch in June, which left real-time data feeds blank for nearly an hour and forced deals to be struck using prices from a rival exchange, traders said.