Trading in the National Stock Exchange's cash market was briefly frozen The 50-share Nifty fell to an intra-day low of 5625 around 10 am.
Mumbai: Trading in the National Stock Exchange's cash market resumed after it was briefly frozen following a 162-point plunge. The 50-share Nifty fell to an intra-day low of 5625 around 10 am, with stocks like Bharti Airtel, Cipla, SBI, Hindustan Unilever and Axis Bank tumbling between 8 to 11 per cent. Even as the NSE froze trading in the cash market, the 30-share Sensex fell around 290 points, but recovered quickly.
The reason for the sudden fall in the Nifty is not yet known, but brokers speculate that it could have been caused by a freak trade.
Currenty, the Nifty is at 5802.90, up 15.30 points over the previous close, and the Sensex is up 49.51 points at 19,107.66.
Comments
0 comment