Bank of India rebounds from what traders call 'freak' trade

Tue Feb 5, 2013 1:38pm IST

An bank counter is seen in Mumbai January 25, 2008. REUTERS/Punit Paranjpe/Files

An bank counter is seen in Mumbai January 25, 2008.

Credit: Reuters/Punit Paranjpe/Files

Related Topics

Stocks

   
Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

Election 2014

More than 814 million people — a number larger than the population of Europe — are eligible to vote in the world’s biggest democratic exercise.  Full Coverage 

Reuters Market Eye - Shares in Bank of India (BOI.NS) make a sharp fall before quickly recovering in what some traders describe as a "freak" trade.

Trading at 336.65 rupees, down 1.2 percent, Bank of India shares suddenly fell to 314 rupees, down 7.8 percent on the day, at around 12:20 p.m IST. The shares, however, recover to 337.35.

On Friday, shares of Tata Motors (TAMO.NS) and Ultratech Cement (ULTC.NS) fell as much as 10 percent due to a technology glitch at Religare Capital that caused "unintended transactions", the brokerage said. (Read more, click here)

The National Stock Exchange, where the Bank of India trade occurred, did not have any immediate comment.

(Reporting by Abhishek Vishnoi)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Global Economy

Global Economy

Chinese factories stalling as euro zone business picks up  Full Article 

M&M Upgraded

M&M Upgraded

Credit Suisse upgrades Mahindra & Mahindra to 'outperform'  Full Article 

HRW Report

HRW Report

Bigoted teachers lead marginalised Indian school kids to drop out  Full Article 

Breakingviews

Breakingviews

Manchester United’s crisis has silver lining  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage