DEAR VIMALKAPOOR1964,THANK U.I fully agree with u. but what concern me that present day governence is hopeless, we are expecting too much from them. much needs to be changed.first of all chalta hai chalta rahega, mentality will have to be changed by we all.
No NSE did not handeled the glitch responsibly. However this incident shows the gret weakness in the system and what big players can do with retail investors and day traders even on the day of very good market sentiments................ We should be very careful.
THERE SHOULD HAVE BEEN CIRCUIT BREAKER FOR WHICH NSE IS RESPONSIBLE. INVESTOR WAS MENTALLY READY FOR THE STOP LOSS THAN WHY CRY NOW. HAD THE MARKET REMAINED LOW, THAN INVESTOR WAS HAPPY FOR STRIKING THE STOP LOSS.THE MATTER OF DISCUSSION WOULD HAVE BEEN DIFFERENT. D K GUPTA, 9015143203
It is the earnest responsibility of the SEBI to make sure that the entire truth lies bare in front of the investors who loose faith in the system when such things happen, who can forget the Harshad Mehta and Ketan Parekh days??
They say the first fall was around 8% and when it fell further the orders in the system got executed? This is utter rubbish and means that there can be two falls the first less than 10% and the second again of the same magnitude before the circuit filters get activated?? This is not acceptable, the system should be cautioned if there is a sudden fall short of the 10% limit and get activated as soon as it crosses the prescribed limit and orders in the system should get cancelled automatically.
This was a bungle by Emkay of a small amount of RS 650 crores, what could have happened if the figure was in thousand crores????