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    August 6, 2026
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    August 6, 2026
    No concession or commitment on import of Ethanol for fuel blending from the United States
    Show AI Summary
    Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
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      Income Tax

      Erroneous Trading Cases in NSE

      December 20, 2012

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      Press Information Bureau

      Government of India

      Ministry of Finance

      20-December-2012 18:00 IST

      There has been one such instance since March 2012, when erroneous trading caused a crash and led to a brief halt in trading in the cash segment of the National Stock Exchange of India Ltd. (NSE) on account of the NIFTY circuit filter getting triggered.

      The trading halt was on account of 59 erroneous orders by a trading member that resulted in multiple trades for an aggregate value of over Rs. 650 crore. As a result, the NIFTY fell to the day’s low of 4888.20 points, which was 899.40 points lower than its previous close of 5787.60 points.

      NSE initiated action against the trading member for entering the erroneous orders on the same day itself. Pursuant to the same, trading facility of the trading member was withdrawn for 3 days in all segments and a penalty of Rs. 25 lakh was levied.

      Pursuant to consultations with market participants, stock exchanges, the Risk Management Review Committee (RMRC) and the Technical Advisory Committee (TAC), Securities and Exchange Board of India (SEBI) vide circular dated December 13, 2012 has implemented various pre-trade risk controls, such as order-level checks, dynamic price bands and risk reduction mode.

      This was stated by the Finance Minister Shri P. Chidambaram in reply to a question in the Rajya Sabha today.

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