Microsoft Outage: 5Paisa, Angel One Among Brokerages Affected

The Microsoft outage, which disrupted airlines, banks and stock exchanges across the world, has affected Indian brokerages as well.

Users NDTV Profit spoke with complained of technical glitches on online broking platforms, including 5Paisa, Angel One. Their mobile apps were glitchy, users said.

“Due to a global outage with Crowdstrike/Microsoft, offering a cybersecurity solution, our systems are affected. Our team is working closely with both of them to restore our systems as soon as possible,” 5Paisa said in a post on X, formerly Twitter.

Nuvama Wealth said it witnessed a limited impact.

“Our networks are built to minimise the effects of such outages on our ecosystem,” a spokesperson for the Mumbai-based brokerage said. “We have deployed a software patch in our back office and settlement functions and reported the same to the exchanges.”

Groww, among India's largest online trading apps, said it wasn't affected.

"Groww does not work with CrowdStrike. Our services haven't been affected," the company said in a post on X.

A spokesperson for BSE Ltd. said the stock exchange hasn’t been impacted. It was business as usual at the National Stock Exchange as well.

A series of technical glitches disrupted services at airlines, banks and the London Stock Exchange on Friday, an unusually widespread cascade of failures that erupted from the US to Asia after Microsoft Corp. reported an outage across its online services. It was unclear what triggered the issues, which coincided with Microsoft’s disruptions.

A Microsoft spokesperson said the company was looking into the situation, while Crowdstrike representatives weren’t immediately available for comment outside normal business hours, and calls to their main number in Japan went unanswered.

The latest failures came right after Microsoft said it had resolved an Azure cloud services outage. The company’s status pages earlier showed that Azure and Microsoft 365 experienced problems for several hours.