Representational image
Representational image

On Monday, even as Mumbai grappled with a massive power outage, reports indicated that around 2 pm, the NSE rates had stopped updating. This was reported by CNBC TV18.

It must however be noted that there has not been any official update posted to the NSE social media handles. As per their last post from around three hours ago, the NSE had been "functioning normally". Several people on Twitter have however complained about the issue.

The key Indian equity indices had traded on a positive note on Monday with the Nifty50 on the National Stock Exchange (NSE) touching the 12,000 mark for the first time since February 2020. Minutes into the day's trade, Nifty50 crossed the psychological mark of 12,000 to touch an intra-day high of 12,022.05 points.

It has, however, retreated from the day's high. At 11.55 a.m., it was trading at 11,950.20, higher by 36 points or 0.3 per cent from its previous close.

At around 1.30 p.m., the S&P BSE Sensex traded at 40,433.14, lower by 76.35 points or 0.19 per cent from the previous close of 40,509.49. The NSE Nifty50 traded at 11,879.70, lower by 34.50 points or 0.29 per cent from its previous close.

Mumbai had, on Monday morning, suffered a massive blackout with large swathes of the Mumbai Metropolitan region being left without electricity. This had resulted in chaotic scenes as trains came to a halt, exams and online classes were disrupted and more. While electricity supply has resumed in some parts of the city, restoration work continues to be underway.

Officials said that there had been a Central grid failure of TATA Power at Kalwa. "At 10.10 am there were simultaneous substation tripping in MSETCL's Kalwa, Kharghar causing a huge dip in frequency in Mumbai transmission system which led to tripping of power supply. Restoration work in progress to bring supply from the 3 Hydro units and Trombay units," Tata Power was quoted as saying.

Further details awaited.

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Free Press Journal