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Nifty Futures Briefly Slump 5%, Traders Cite Unusual Trade

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Nifty Futures Briefly Slump 5%, Traders Cite Unusual Trade
Mumbai: Nifty January futures contract fell as much as 5 per cent to touch 8,000 points in early trade on Tuesday, which multiple dealers attributed to an unusual trade relative to where the contracts were trading at.

"It looks mostly like an erroneous fat finger to me," said a derivative analyst with a foreign broker.

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An NSE spokeswoman did not have immediate comment.

The NSE January futures contract had been down on the day before briefly falling as much as 5 per cent. It then cut losses to trade down 1.8 percent down at 9:55 a.m.

Copyright: Thomson Reuters 2015

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