Bombay Stock Exchange shut after network outage

MUMBAI, July 3, 2014 (AFP) – The Bombay Stock Exchange, India’s second-biggest financial market, shut down during morning trade Thursday owing to computer network problems, a spokesman said. “Due to a network outage being currently faced, BSE has decided to close all markets,” spokesman Yatin Padia said in a message to AFP, after trading stopped soon before 10.00am local time (0430 GMT). Padia said technicians were working to resolve the problems, after which the markets would restart.

The BSE suffered another technical glitch last month, which left real-time data feeds blank for nearly an hour and forced deals to be struck using prices from a rival bourse, traders said.

The Sensex, the leading index for Indian shares on the BSE, ended at a record high Wednesday on hopes the newly elected government will announce reforms to revive the economy in its first budget next week.