Technical snag hits BSE

MUMBAI, INDIA: One of the leading stock exchanges in the country, the Bombay Stock Exchange (BSE), halted trading Monday due to a technical glitch and said trading would resume by 2.30 p.m.

The bourse had earlier said it would close the markets from noon to 1 p.m. and asked members to log back at 1 p.m.

A BSE spokesperson then said the exchange would take some more time to rectify the problem, but would resume trading by 2.30 p.m.

Trading stopped with the 30-scrip sensitive index, Sensex at 20,368.8 points, up 336 points from its previous close. However, work continued at the other major exchange, the National Stock Exchange (NSE).