MUMBAI: India’s financial capital was thrown into an unprecedented turmoil on Monday morning after power lines tripped, cutting off electricity to the city’s 1.84 crore residents for more than two hours. Trains shut down, mobile networks got clogged and internet slowed as the city battled an unprecedented cut in power supply that everyone thought was impossible due to the city’s unique ‘islanding’ system.
Lockdown, restricted outdoor activity and work from home due to the Covid-19 pandemic prevented large-scale chaos especially in financial markets. Stock volumes and trading were little impacted though bond market volumes dropped and banks reported normal business. ATMs also worked normally.
