Friends,
I noticed something weird in the market today so posting this to understand what could be the reason.
In the last ten minutes of trade, the price of Infra Bees ETF fluctuated wildly. From 866 it went up to 1044, and finally closed at 922.
How is such a wild swing possible in an ETF when the underlying stocks didn’t move at all?
I thought the price was a hoax, so i placed a sell order and it actually went through.
Attaching a screenshot of the closing price. It even hit the upper circuit just before close.
Low Volumes/Liquidity can make it easier to manipulate prices. Be wary of trading such instruments.
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Right, i thought etfs are safe. Apparently they are not.
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