Fri, 05 Oct 2012 13:30:00 GMT | By PTI

Nifty crashes 800 points; NSE blames broker for bad orders

New Delhi: The National Stock Exchange index Nifty crashed 800 points on Friday morning, halting the trade, which the bourse blamed on erroneous orders worth Rs 650 crore by a broker Emkay Global for one of its clients.


Nifty crashes 800 points; NSE blames broker for bad orders (© Reuters)

The NSE said it is investigating the matter and the abnormal orders that resulted in multiple trades at low prices.

In a statement after the incident, which halted the trade in cash markets for about 15 minutes, NSE said, "The market circuit filter got triggered due to entry of 59 erroneous orders which resulted in multiple trades for an aggregate value of over Rs 650 crore.

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