Tech glitch at NSE, Bank of India shares tumble
Posted on: 02:43 PM IST Feb 05, 2013
Mumbai: Shares in Bank of India make a sharp fall before quickly recovering in what some traders describe as a "freak" trade. Trading at Rs 336.65, down 1.2 per cent, Bank of India shares suddenly fell to Rs 314, down 7.8 per cent on the day, at around 12:20 pm IST. The shares, however, recover to Rs 337.35.
On February 1, shares of Tata Motors and Ultratech Cement fell as much as 10 per cent due to a technology glitch at 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.