Zerodha and Groww face technical glitches amid stock market rally

Popular trading apps Zerodha and Groww experienced technical glitches, preventing investors from capitalizing on a rally in benchmark stock indices Sensex and Nifty, which reached record highs.

The surge followed exit polls predicting a victory for BJP led NDA.

Sensex jumped nearly 3% to a record high of 76,738, while Nifty 50 hit a historic high of 23,338. However, several users of Zerodha and Groww were left in the lurch due to the platforms malfunctioning.

Traders expressed their frustration on social media platform X. Many users criticized the downtime of Groww and Zerodha, questioning the reliability of trading platforms during key market movements.

#groww down #zerodhadown

Kya fayda jab profit me position bechne hi na do pic.twitter.com/taf4429XAh

— FinTree (@fintree_) June 3, 2024

Others complained about financial losses due to the inability to execute trades, blaming Groww's app development team for the issues.

Zerodha down !!!
Very poor service when it matters the most!#zerodha #zerodhadown @zerodhaonline @ZeeBusiness @CNBC_Awaaz @_anujsinghal pic.twitter.com/dUDTznCYic

— Ronak Dani (@ronakdani) June 3, 2024