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Bank of India shares tumble due to technical glitch at NSE

Reuters
Feb 05, 2013 at 02:43pm IST

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.

Tech glitch at NSE, Bank of India shares tumble

On February 1, shares of Tata Motors and Ultratech Cement fell as much as 10 per cent due to a technology glitch.

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