India's NSE says Emkay has closed bad trading positions

MUMBAI, Oct 5 (Reuters) - India's National Stock Exchange

said Emkay Global Financial Services has "smoothly" closed out all of the positions arising from its erroneous orders that triggered a brief halt on the exchange.

Emkay had been "disabled from trading," the exchange said in a short statement, without providing any further details.

NSE had earlier said a single dealer terminal at Emkay placed 59 erroneous orders for an institutional client, resulting in trades worth over 6.5 billion rupees ($125.3 million).

($1 = 51.8650 Indian rupees)

(Reporting by Rafael Nam; Editing by Gopakumar Warrier)

((rafael.nam@thomsonreuters.com)(+91-22 6180-7425 Reuters Messaging: rafael.nam.thomsonreuters.com@reuters.net))

Keywords: INDIA NSE/EMKAY POSITIONS