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Bombay Stock Exchange resumes trading | |
(about 2 hours later) | |
India's main stock market, Bombay Stock Exchange (BSE), has resumed trading after being disrupted due to a network outage. | |
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 before the outage. | |
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. | 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. |