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The October futures contract on the NSE Nifty spiked briefly on Thursday in what multiple traders described as a "freak", or erroneous, trade.
At 10.20 am, multiple contracts in the Nifty October futures changed hands on the National Stock Exchange, with a peak level of 5,996, said several dealers, a gain on the day of as much as 2.87 per cent. They quickly dropped back for a gain of about 1.5 per cent.
A spokeswoman for the National Stock Exchange declined to comment.