Twitterati vents anger over NSE tech glitch; compares it to Gujarat Bandh

A huge technical glitch crippled the National Stock Exchange ( NSE) on Monday, disruption trading in both cash and futures & options segments. Traders were frustrated after the premier bourse failed to get its systems running after it twice claimed to have fixed the glitch and announced fresh pre-open sessions at 10.30 and 11 am.

On social media, market watchers, celebs and mediapersons vented their frustrations over the inability of the nation’s premier bourse to keep the systems protected from such glitches.

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Some said the situation resembled a school time when the teacher is absent in the class, while others compared it with a Gujarat bandh.

Prior facing the glitch, the Nifty index of the NSE hit its fresh all-time high of 9,709 in early trade. Benchmark BSE Sensex also scaled a new lifetime high of 31,602.

IPO investors faced the biggest disappointment as shares of AU Small Finance Bank were to be listed on NSE during the day. The scrip got listed on BSE at a 45 per cent premium. Ironically, the company conducted a customary listing ceremony on NSE.

Here’s how Twitterati reacted to the technical glitch of NSE:

#NSE not working!
Its seeming like Gujarat Bandh !
#Sensex

— Trendingtop5 (@trendingtop5) July 10, 2017

#NSE shutdown reminds me of #school when the #teacher is absent but you still have to see the #blackboard :)

— Nooresh Merani (@nooreshtech) July 10, 2017

CEO, COO, V-C all fired or told to go. New CEO-designate running cricket. Catastrophic network collapse. State of our premier bourse, NSE

— Shekhar Gupta (@ShekharGupta) July 10, 2017

What an Irony !

While AU Small Finance Bank listing ceremony took place at NSE, they were waiting for opening rates of BSE to celebrate

— Ankit Chaudhary (@entrepreneur987) July 10, 2017

Allowing futures trading without cash trading.
Height of promoting speculation.

— Samir Arora (@Iamsamirarora) July 10, 2017