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

   

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:
  • Most Popular
  • Most Shared

DEFENCE

REUTERS SHOWCASE

Canonisation

Canonisation

Pope declares sainthood of two Indians, four Italians.  Full Article 

Stake Sale Strike

Stake Sale Strike

Coal India trade unions call off strike in victory for Modi.  Full Article 

Markets Weekahead

Markets Weekahead

Ride the bull with a finger on the ejector button.  Full Article 

Arms Purchase

Arms Purchase

India approves $2.6 bln mounted gun purchase - official.  Full Article 

Interview with Bulgari CEO

Interview: Bulgari CEO

Bulgari CEO: we shouldn’t have left India so we’re back  Full Article 

Formula One

Formula One

Hamilton takes second F1 title in style.  Full Article 

Available For Remake

Available For Remake

Bollywood finally wants to pay the price for remakes  Full Article 

Davis Cup

Davis Cup

Vintage Federer seals first Davis Cup for Switzerland.  Full Article 

Movie Review

Movie Review

"Happy Ending" is old wine in an older bottle  Full Article 

Reuters India Mobile

Reuters India Mobile

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