Following Prime Minister Modi’s prediction, the stock market experienced a technical glitch, causing chaos among investors unable to sell shares after a rapid surge. NDA’s victory led to a record-breaking high opening, with Sensex surging over 2700 points and Nifty showing an increase of 800 points. However, challenges arose as investors faced issues with CDSL website downtime for TPIN verification. Complaints flooded social media platforms like Zerodha, Groww, and Upstox, highlighting the struggles caused by technical glitches in brokering platforms. Depository partners are actively working to resolve the TPIN verification problem, as SEBI rules mandate this step for selling shares securely after verification. Stay tuned as we delve into the impact of these unexpected hurdles on the stock market landscape.
Social Media Filled with Complaints About Inability to Sell Shares after Rapid Surge
In a remarkable turn of events, the NDA’s victory in the stock market has set the stage for a historic opening today. The Sensex has witnessed a staggering surge of over 2700 points, while the Nifty has shown a rapid increase of 800 points, indicating a wave of positive sentiment among investors.
However, amidst the excitement, investors are facing challenges with the CDSL website experiencing downtime for TPIN verification. This technical glitch has caused inconvenience for many investors looking to verify their TPIN for transactions.
Interestingly, Prime Minister Modi had foreseen this record-breaking surge in the stock market following the election results, and it seems his prediction is coming true.
Furthermore, technical glitches in various brokering platforms have compounded the issues for investors. Complaints have been pouring in on social media platforms like Zerodha, Groww, and Upstox regarding difficulties in selling shares due to these glitches.
On a positive note, depository partners are actively working to resolve the TPIN verification problem to ease the burden on investors.
It is worth noting that the stock market had already shown strength after the exit polls, with both Nifty and Sensex hitting record highs, setting the stage for today’s momentous opening.
As per SEBI rules, TPIN verification is mandatory for selling shares after holding verification, ensuring the security of investors’ transactions. This verification process involves using OTP for authentication, adding an extra layer of security to the selling process.