Sensex expiry day hit by tech glitch on record high day, brokers blame BSE

On a day when the Sensex zoomed nearly 1,000 points to hit its fresh all-time high of 80,893, F&O traders complained of suffering losses on the weekly expiry of Sensex derivative contracts as BSE was reportedly hit by a technical glitch.Traders complained that they were unable to sell Sensex expiry intraday orders leading to huge losses. Issues were reported across brokers like Zerodha, Groww, Upstox and Angel One.

“Due to a connectivity issue at BSE, some of our users may be seeing orders in the “Open Pending” state for BSE F&O orders. This issue is across brokers,” Zerodha told clients.

Discount brokerage Groww also blamed the stock exchange for the glitch which was rectified around noon.

Jaipur-based trader Anil Hudda said he suffered a loss of over Rs 15 lakh today due to the glitch.

“Orders were pending from 10:55 AM, and I was unable to cancel or modify them. At 11:24 AM, all orders were executed at the previously pending price, forcing me to square them off at the current price, resulting in a loss of over Rs 15 lakh across two accounts,” Hudda said on social media X.

With the capital markets seeing a sharp surge in both demat account additions as well as volumes in the derivatives market, the number of technical glitches has also increased.

Angry traders have been seeking compensation from brokers for their losses due to glitches. Market data shows that the number of demat accounts surged to 16.2 crore in June month. BSE’s average daily turnover in the F&O segment rose 15% month-on-month.