Emkay Global Financial Services said on Thursday the National Stock Exchange (NSE) has disallowed the annulment of trades carried out in a series of large erroneous orders by the brokerage on October 5, 2012.
Emkay said it is considering legal action, including challenging the decision.
Last October, a series of large erroneous orders were made on a broad basket of shares by a broker at Emkay that sent NSE's main index tumbling as much as 15.5 percent and forced suspension of trading for several minutes.
|Gold Rate in Chennai||Rs. 27700.00 (-0.22%)|
|Gold Rate in Mumbai||Rs. 28280.00 (-0.49%)|
|Gold Rate in Delhi||Rs. 28000.00 (-0.36%)|
|Gold Rate in Kolkata||Rs. 28080.00 (0%)|
|Gold Rate in Kerala||Rs. 27200.00 (0.37%)|
|Gold Rate in Bangalore||Rs. 27150.00 (-0.18%)|
|Gold Rate in Hyderabad||Rs. 27650.00 (-8.44%)|