{"id":691,"date":"2010-06-01T18:11:27","date_gmt":"2010-06-01T12:41:27","guid":{"rendered":"http:\/\/greenworldinvestor.com\/?p=691"},"modified":"2010-06-01T18:11:27","modified_gmt":"2010-06-01T12:41:27","slug":"indias-flash-crash-indias-largest-company-reliances-share-fall-20-on-the-bse","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2010\/06\/01\/indias-flash-crash-indias-largest-company-reliances-share-fall-20-on-the-bse\/","title":{"rendered":"India&#039;s Flash Crash &#8211; India&#039;s Largest Company Reliance&#039;s share fall 20% on the BSE"},"content":{"rendered":"<p>After the Dow and the other US indices crashed by almost 8% in the infamous <a href=\"http:\/\/blogs.reuters.com\/felix-salmon\/2010\/05\/20\/the-weirdly-rational-flash-crash\/\">&#8220;Flash Crash&#8221; <\/a>during the Greek contagion,India got its own smaller version of the &#8220;Flash Crash&#8221; with Reliance shares falling by almost 20% in less than a minute due to a trader error.Note Reliance is the largest constituent of India&#8217;s Nifty and BSE indices and a 20% fall could have cascaded into a major market panic if this had happened 2 weeks ago.The problem occurred only in the Bombay Stock Exchange (BSE) and did not affect the National Stock Exchange(NSE).<\/p>\n<h3><a href=\"http:\/\/economictimes.indiatimes.com\/markets\/stocks\/stocks-in-news\/RIL-pays-for-ICICI-Bank-plunges-20-in-freak-trade\/articleshow\/5999062.cms\">RIL pays for ICICI Bank; plunges 20% in freak trade &#8211; Economic Times<\/a><\/h3>\n<blockquote><p>The BSE index plunged over 600 points, when shares of the  most valued firm RIL tanked 20 per cent due to a faux pas over ICICI Bank share quotation.             Shares of RIL finally settled at Rs 1,011.55, down 3.21 per cent on the Bombay Stock Exchange.<br \/>\nAccording to marketmen, the freak sale happened after some trader off-loaded the  company&#8217;s stocks at an unbelievable level of Rs 840.55 against yesterday&#8217;s close  of Rs 1,045.05.             According to marketmen, a trader sold about 62,000 shares of RIL at Rs 840.55 per  share, while the sale order was meant for ICICI Bank. The transaction pulled  RIL down to its 52-week low.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>After the Dow and the other US indices crashed by almost 8% in the infamous &#8220;Flash Crash&#8221; during the Greek contagion,India got its own smaller version<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[31],"tags":[4317,5264],"class_list":["post-691","post","type-post","status-publish","format-standard","hentry","category-indian-capital-markets","tag-regulator","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=691"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/691\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}