CDSL, Brokers' Share Prices Fall As Traders Face Issue In Selling Orders, Zerodha Says Resolved

Traders across platforms including Groww and Zerodha on Wednesday reported issues in selling their orders as they were unable to verify transaction personal identification number via CDSL.

"In the meantime, you can sell your holdings without the need for CDSL authorisation," Zerodha's post on 'X' said.

It confirmed the issue: "Due to an issue at CDSL across brokers, you may face an issue with authorising the sale of your stocks. We are in touch with CDSL to have the issue resolved at the earliest."

In the comments section of the post, various users also reported that their Demat Debit and Pledge Instruction did not seem to be working. Once the DDPI is submitted, it is not required to enter the CDSL T-PIN and OTP to sell shares.

Zerodha however later said that the issues were resolved.

Upstox also published a similar post, to which, a person reacted asking, "Who will bear the loss we have suffered?"

Groww users have also reported the same issue.

Most brokerages' share prices slipped into losses following this and those of CDSL also snapped their two-day rise, trading in the red. CDSL and Angel One shares were trading nearly a percent lower at 11:30 am, while Motilal Oswal Financial Services was trading over 2 percent lower.