Two years ago market regulator SEBI has taken strict actions on Nifty, for 16 percent fall in Nifty due to false trade. In October 2012 Nifty fell 920 points due to disturbance in putting the deal by Broker Emkay Global.
SEBI defect the failure to prevent the disturbance is overlaid on the NSE and said that NSE has not a solid system. Not only this SEBI also on NSE said in such cases to be vigilant and to cradle perfectly all the laws needed to run the Stock Exchange.
For stability in the market SEBI has ordered NSE to undergo independent review process in the system. SEBI has said that the 2012 event shows that the fault of any one trader or investor can suffer the brunt of the whole market.
But we can tell you in the last two years NSE has updated the system. According to market sources in a single order size limit is imposed. The price band is fixed with derivatives in cash and shares deal in F&O stocks will be in the price range. As well as if any dealings at any Price are not entered within seconds, will be cancelled. Traders had to put the trade limit necessarily.
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