India’s leading stock exchanges, the National Stock Exchange ( NSE ) and BSE Ltd (BSEL.NS), have temporarily restricted access to their websites for users located overseas, according to three sources familiar with the matter as reported by Reuters.
The move does not affect the ability of foreign investors to trade in Indian markets, the sources clarified.
The decision followed a joint meeting between the exchanges on Tuesday, during which cyber threats were discussed, one source said. The individual declined to be identified, citing the confidential nature of the discussions.
A BSE spokesperson also mentioned cyber threats when contacted by Reuters, although they did not confirm whether the exchange had recently experienced any specific incident.
The measure comes amid heightened geopolitical tensions, particularly the ongoing conflict between India and Pakistan, though sources did not confirm any direct connection between the cyber threat and the current developments.
“In view of the sensitive environment, exchanges have taken entirely precautionary steps,” said another source, emphasizing that Indian markets continue to function normally.
"BSE, being a critical market infrastructure institution (MII), proactively and continuously monitors risks at domestic and international levels for potential cyber threats," the BSE spokesperson said in an emailed response.
"Based on such monitoring of cyber traffic, as a precautionary and protective measure, websites/locations are blocked to protect users and systems," the spokesperson added. They noted that access is being allowed on a case-by-case basis.
The move does not affect the ability of foreign investors to trade in Indian markets, the sources clarified.
The decision followed a joint meeting between the exchanges on Tuesday, during which cyber threats were discussed, one source said. The individual declined to be identified, citing the confidential nature of the discussions.
A BSE spokesperson also mentioned cyber threats when contacted by Reuters, although they did not confirm whether the exchange had recently experienced any specific incident.
The measure comes amid heightened geopolitical tensions, particularly the ongoing conflict between India and Pakistan, though sources did not confirm any direct connection between the cyber threat and the current developments.
“In view of the sensitive environment, exchanges have taken entirely precautionary steps,” said another source, emphasizing that Indian markets continue to function normally.
"BSE, being a critical market infrastructure institution (MII), proactively and continuously monitors risks at domestic and international levels for potential cyber threats," the BSE spokesperson said in an emailed response.
"Based on such monitoring of cyber traffic, as a precautionary and protective measure, websites/locations are blocked to protect users and systems," the spokesperson added. They noted that access is being allowed on a case-by-case basis.
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