NSE defends decision of not moving to recovery site after technical glitch

MUMBAI: In the face of severe criticism over Wednesday's four-hourlong trading halt, the National Stock Exchange said on Friday that it 'sincerely regrets the incident.

At a time when questions are being raised as to why the disaster recover y site did not come to the rescue during the incident, the NSE said that it took the decision of not migrating to the recover y platform af ter detailed consultation and evaluation.

Capital market regulator SEBI, which has sought a detailed root cause analysis from the exchange, has also asked the NSE to explain the reason for not migrating to the recover y si t e.

In a statement on Friday, the exchange stressed on its commitment towards providing a robust, stable and reliable platform and outlined its investments made towards in the strengthening of the platform.

The NSE mentioned that it invests heavily in its technology infrastructure on a continuous basis.