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Dalal Street traders were among those hit by Microsoft‘s major service outage on Friday as technical glitches were reported at many brokerages.
Brokerage firms 5paisa and IIFL Securities have told clients that their systems are affected as a result of the Microsoft issue.
IIFL Securities reportedly told its clients that outage on cybersecurity platform Crowdstrike is causing issues.
“There is global issue with Crowdstrike Antivirus protection software which we have installed on our servers and endpoints which has caused systems and servers reboot issue and blue dump. This is global issue as confirmed by Crowdstrike and all major companies which are using this software are facing this issue. 360 one also having this issue. We are working towards mitigation on war footing and I will update shortly on next status,” IIFL Securities reportedly told its clients.
“You might face rate refresh issues and order placement issue in our Mobile App and Web. Our technical team is working to resolve the same. Inconvenience caused is highly regretted,” said 5Paisa Capital to its users on X platform.
Upset traders ranted on social media platforms seeking compensation from brokers for their losses saying they were not able to sell positions because the app showed no pending orders.
Microsoft users worldwide, including banks and airlines, reported widespread outages after which the tech company said the issue is being mitigated.
In India, the outage forced several airlines, including IndiGo, Akasa Airlines and SpiceJet, to ground planes and disrupt flight operations.
Meanwhile, Indian shares reversed gains after rising to record highs at the open on Friday as broad-based profit booking outweighed results-driven gains in heavyweight Infosys.
