Scribd
Upload
81 views5 pages

Flash Trading in India

On October 5th, around 9:49 AM, a trader at Emkay punched an order to sell 17 lakh baskets of the Nifty Index, totaling Rs. 974 crore. This large sell order caused the Nifty to crash over 10%, triggering the circuit filter and automatically stopping trading at 9:50:58 AM. When trading resumed at 9:50 AM, existing orders were executed, causing the Nifty to fall nearly 15.5% or 900 points. Several major securities like State Bank of India, Reliance Industries Ltd., and ICICI Bank saw a sharp increase in sell orders and decline in share prices in a matter of seconds or milliseconds as a result of the large Nifty

Uploaded by

abhishekbehal5012
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
81 views5 pages

Flash Trading in India

On October 5th, around 9:49 AM, a trader at Emkay punched an order to sell 17 lakh baskets of the Nifty Index, totaling Rs. 974 crore. This large sell order caused the Nifty to crash over 10%, triggering the circuit filter and automatically stopping trading at 9:50:58 AM. When trading resumed at 9:50 AM, existing orders were executed, causing the Nifty to fall nearly 15.5% or 900 points. Several major securities like State Bank of India, Reliance Industries Ltd., and ICICI Bank saw a sharp increase in sell orders and decline in share prices in a matter of seconds or milliseconds as a result of the large Nifty

Uploaded by

abhishekbehal5012
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 5

TRADING ON NSE INDICES ON OCT 5

NSE HOURLY CHART- 5TH OCTOBER The events on Oct 5 are as follows

Market Opening Hour Markets Open Normally, NSEs Nifty Index Declines on 0.3% 9:15 A.M TO 9:49 A.M Around 9:49 A.M. Nifty is at 5800 levels when Executed trader at Emkay punches order to sell Emkay Trade into terminal worth 17 Lac Baskets of Nifty Index amounting to a total of Rs 974 Cr of which Rs 650 were bought by counter parties. 9:49:00 A.M TO 9:50:58 A.M 10% Circuit Breaker Hit At 9:50:58 A.M. Nifty crashes over 10% triggering the circuit filter, trading automatically stops 9:50:58 A.M At 9:50:00 A.M. Existing orders get executed resulting Nifty Down 15%in Nifty falling nearly by 15.5%, or 900 points, impact noticed across securities which form part of the Nifty Basket 9:50:00 TO 9:51:50 AM

STATE BANK OF INDIA

Impact of Sell Orders Price Falls to Rs 2010

Net Aggressive sell volume 138408 @ Rs 2331

RELIANCE INDUSTRIES LTD.


The orders for RELIANCE saw a sharp increase in a matter of milliseconds from about Rs816 at 9:50:59 a.m. to Rs 682 by 9:51:00 a.m.

109024 Orders for buying or selling @Rs 816.70

23915 Orders for buying or selling @Rs682-The Days Low

9:50:59AM

9:51:00AM

ICICI BANK
The sell orders for ICICI BANK saw a substantial increase in sell orders in a span of 5 seconds with prices ranging from Rs1068 at 9:50:55 a.m. to Rs 866 by 9:51:00 a.m.

51047 Orders for buying or selling @Rs 1068

239913 Orders for buying or selling @Rs866.75-The Days Low

9:50:55AM

9:51:00AM

You might also like