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Bank of India rebounds from what traders call 'freak' trade

Source : REUTERS
Last Updated: Tue, Feb 05, 2013 08:04 hrs
Investors watch share index at local share market in Chandigarh

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.


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