‘Fat finger’ pushes down Nifty as HDFC block crosses
A Mumbai-based brokerage triggered a 14% fall in India’s S&P CNX Nifty index in just one minute on Friday, after accidentally placing a series of orders worth $125m. That was a shock to recent investors in Housing Development Finance Corp, who had participated in a block sale only the night before.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts