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News Article

Zerodha once again goes down on record market opening day, Netizens say 'consistency at its peak'

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Jaya Vishwakarma
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Zerodha down

Zerodha, India's second-largest stock broking platform after Groww, encountered technical issues once again, this time on a day marked by a record market opening. 

The Nifty 50 surged 2.65% to 23,129.35 points, and the BSE Sensex rose 2.62% to 75,903.97 points, with both indices reaching all-time highs and logging their most significant intraday gains since February 1, 2021.

The rally came after exit polls predicted a two-thirds majority for the Bharatiya Janata Party-led National Democratic Alliance in the Lok Sabha elections.

Netizens reaction

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Several Zerodha users affected by the outage vented their frustrations on X (formerly Twitter).

"Zerodha down!!! Very poor service when it matters the most!," a user wrote.

Another remarked, "Zerodha and its consistency. Failing on all important days."

While Zerodha maintained its consistency, other platforms like Groww and Upstox also experienced downtime after the CDSL website went down, preventing users from selling their holdings.

"CDSL down across all Demat accounts. This is a serious issue and authorities should investigate. Even a few minutes of downtime can lead to substantial losses for the common man. Who should be held responsible?" another user questioned.

 

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