Why Tata Motors, UltraTech Cement fall as much as 10% in intraday trade on the NSE


Active Member
Tata Motors Ltd and
UltraTech Cement Ltd briefly
plunged as much as 10% in
afternoon trade on Friday before
recouping losses to a varying
extent, providing a reminder of the
“flash crash” of October last year.
Tata Motors and UltraTech
Cement fell as much as 10% on the
NSE. Tata Motors closed 1.68%
lower at Rs.293 a share while
UltraTech ended 1.71% down at
Rs.1,870 on the NSE.
An NSE official, who did not want
to be named, said there had been
no faults at the exchange end and
no trade limits had been crossed.
On BSE, Tata Motors fell as much
as 9.4% and closed 4.36% lower at
Rs.285 a share. UltraTech closed
2.17% down at Rs.1,860.85.
Religare Capital Markets Ltd, which
uses third-party software for
execution of orders on stock
exchanges, admitted that
unintended transactions were keyed
In a statement after the market
hours, it said, “Due to some
technical issues in the software,
unintended transactions got
executed. There was no broker
error and no loss to any clients.

Is anyone trade on that day what was the experience

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