ICICI Direct trading platform hit by technical glitch
ICICI Direct, India's fifth largest broker, faced a technical glitch, affecting traders' access. Initially, a maintenance message appeared, delaying trading. The platform resumed around 10:20 am. Technical issues have plagued brokers like Groww and Zerodha recently.
of India's fifth largest ICICI Direct was today hit by a which might have impacted across India.In the morning, when the market opened traders could not log into the as it displayed a downtime message on both website and .
Later on, the broker tweeted saying that the website will be available till 9:30 am. Eventually, the time was extended and it was only around 10:20 am that its web portal and app started working fine.
— ICICI_Direct (@ICICI_Direct) — learnwithpushpa (@learnwithpushpa) April month data shows that reported a 0.9% month-on-month (MoM) increase in its client count to 1.9 million. With a of 4.5%, it is the fifth largest broker in India, after , , and .
In the last few months, traders, particularly those trading options, have been hit by technical glitches reported by discount broking platforms like and . However, is a .
In 2023 alone, Zerodha admitted to at least 8 technical glitches with issues varying from those relating to login on Kite app, display of orders and positions as well as order placements.
Source: Stocks-Markets-Economic Times
