Panic erupted among Upstox clients on Wednesday after an erroneous email incorrectly stated their trading accounts were frozen, with some reporting losses from hasty exits. The brokerage admitted to an “inadvertent error,” issuing a follow-up to disregard the initial message and apologizing for confusion. Upstox assured clients their funds and securities remain secure, attributing the incident to a potential human mistake.
Did HEG shares really crash 64% in one day? Here’s how the demerger math works
HEG shares opened nearly 64% lower on Monday as the stock adjusted for the company’s demerger, which split its businesses into two separately listed entities.