February 5, 2013 / 7:58 AM / 4 years ago

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

1 Min Read

* 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)

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