Zerodha goes down due to technical glitch, 

Zerodha goes down due to technical glitch

Zerodha, India's second-largest broking platform, experienced technical difficulties early Monday when benchmark indices hit record highs following exit polls suggesting a third term for PM Modi

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Many traders faced issues logging onto Kite Web, with the Zerodha website going offline during a crucial trading period.

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Investors flocked to other well-known trading platforms due to Zerodha's technical problems, coinciding with technical issues on the CDSL website.

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The surge in trades, driven by market activity after the exit polls, seemed to overwhelm the CDSL website, causing it to crash.

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The incident highlighted the critical role of India's two primary securities depositories: NSDL and CDSL, with the latter experiencing outages affecting all Demat accounts.

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Zerodha's CEO, Nithin Kamath, has addressed technological challenges, stating that zero errors are unrealistic for software-dependent firms serving large user

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Users expressed concerns over potential financial losses due to the outages, calling for investigations by relevant authorities to determine accountability.

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