Oct 10, 2012, 10.18 AM IST

Emkay Global rebounds on resuming operations post 3-day gap

After the entry of an erroneous sale order on the National Stock Exchange on October 5, 2012, when executing a basket sale of the Nifty-50 stocks, the NSE had disabled our trading facility in Cash and Derivatives Segment pending review of the trades in question.

Source: Moneycontrol.com

Share . Email . Print . A+

After the entry of an erroneous sale order on the National Stock Exchange on October 5, 2012, when executing a basket sale of the Nifty-50 stocks, the NSE had disabled trading facility of Emkay Global in Cash and Derivatives Segment pending review of the trades in question.

"After a review of the facts and events surrounding the bona fide error that led to the placement of an erroneous sale order, the NSE has now reinstated our trading facility both on cash, derivatives and currency segments. We have resumed providing services to our clients on the NSE today consistent with past practice, putting behind us the accidental occurrences of October 5, 2012," Emkay said in a release.

Shares of Emkay Global Financial Services, which crashed 30 percent in previous three sessions, bounched back quite sharply. The stock rose 8 percent to Rs 27.25 at 10:08 hours IST.

Even the trading volumes increased significantly to 1,85,591 equity shares as compared to its five day average of 13,542 shares. Market capitalisation of the company currently stands at Rs 66.59 crore.