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Zerodha advise investors against trading in Nifty Bank till things normalise

Updated : June 04, 2020 06:12 PM IST

Discount broking firm Zerodha on Thursday said it's advising retail investors against trading in Nifty Bank till things get normalise after traders were not being able to trade on the Nifty since morning on the expiry day.

In an interview to CNBC-TV18’s Anuj Singhal, Nikhil Kamath, co-founder & chief investment officer, said, "In the morning when we started, the order seemed to be wrong for a long while and then it seemed to be more accurate for a little while. However, about 30-45 minutes ago, it has again gotten disparate from what the actual last traded price (LTP) should be."

"This is a problem which is common to all brokers, it is happening across the board as the feeds in themselves seem to be wrong but it is only on the Bank Nifty contracts, the other option contracts, everything else seems to be fine,” he said.

When asked about NSE's response to the brokers, Kamath replied that exchange haven’t made a formal statement yet and they must be trying to resolve this.

Speaking about whether the morning trades will hold or will be cancelled, he said it's hard to call as all the order matching happens at the exchanges, "One has to wait for the exchange to come back and tell what is going on."
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