NSE Nifty futures spike after 'freak trade'

Oct 03 2013, 13:03 IST
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October futures contract on Nifty spiked briefly in what traders described as an erroneous trade. October futures contract on Nifty spiked briefly in what traders described as an erroneous trade.
SummaryMultiple contracts in Nifty October futures changed hands on NSE, with a peak level of 5,996.

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.

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