Latest News | BSE, NSE Ready to Access Carry out Operations from DR Site Amid Cyclone Threat

New Delhi, Jun 3 (PTI) To avoid any service disruption as a result of the cyclonic storm, BSE and National Stock Exchange will carry out operations from disaster recovery (DR) site, if required, the two leading exchanges said on Wednesday.

In such a scenario, market participants will be intimated appropriately, the exchanges said in separate circulars.

Also Read | Gati Cyclone to Be Next After Nisarga; How it Got Its Name and What It Means.

This comes following a warning issued by India Meteorological Department (IMD) with regard to cyclonic storm "Nisarga", which hit Maharashtra on Wednesday.

Further, trading members have been advised to ensure access to their primary and/or DR site to ensure smooth functioning of their operations related to trading, clearing and settlement.

Also Read | What Does Cyclone Landfall Mean? Here's Your Glossary For Jargons Related to Cyclonic Storm.

Disaster recovery site is a real time replication of the primary site and ensures that all data is available at disaster recovery site with near zero time lag. This enables the exchanges to switch over to disaster recovery site at any time during the day, in case of any eventualities.

The cyclone Nisarga made landfall near Alibaug in coastal Raigad district of Maharashtra around 12:30 pm.

As per India Meteorological Department (IMD), Mumbai, Thane, Raigad and Palghar in Maharashtra will feel the impact of gusty winds and heavy rains being caused by the storm

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)