MARKET EYE-Bank of India rebounds from what traders call 'freak' trade

Tue Feb 5, 2013 1:23pm IST

Related Topics

Stocks

   

* Shares in Bank of India 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 and Ultratech
Cement fell as much as 10 percent due to a technology
glitch at India's Religare Capital that caused "unintended
transactions", the brokerage said. 
* The National Stock Exchange, where the Bank of India trade
occurred, did not have any immediate comment.

 (abhishek.vishnoi@thomsonreuters.com,
manoj.dharra.thomsonreuters.com@reuters.net)
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

Jan Dhan Yojana

REUTERS SHOWCASE

Japan Trip

Japan Trip

Modi eyes breakthrough nuclear pact on Japan trip.  Full Article 

Chance For Reform

Chance For Reform

India's coal crunch - a chance to revamp, reallocate and revive.  Full Article 

E-Commerce

E-Commerce

Ratan Tata invests in online retailer Snapdeal.  Full Article 

Top Priority

Top Priority

Finance minister says food inflation is top priority.  Full Article 

Deal Talk

Deal Talk

Who wants to buy Snapchat? Microsoft, Google, Apple, Alibaba.  Video 

Fresh Funding

Fresh Funding

Tiger Global leads $65 million funding in Indian messaging app Hike.  Full Article 

GDP Preview

GDP Preview

Economy likely grew faster in June quarter: Reuters poll.  Full Article 

Safety Net

Safety Net

SEBI revamps trading safety-net rules.  Full Article 

Fraud Investigation

Fraud Investigation

IMF's Lagarde put under investigation in French fraud case.  Full Article 

Reuters India Mobile

Reuters India Mobile

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