The market confusion around the closing auction session (CAS) continues to spook investors, with Nifty’s indicative price sharply plunging 2% within seconds during the period on its monthly expiry day, before a sharp recovery on Tuesday.
Nifty traded at around 22,684 before 3:19:59 when the CAS session began. Immediately, the benchmark index’s indicative price crashed to 22,249 at 3:20:01. This implies a sharp drop of 435 points in just two seconds. The indicative then sharply spiked, wiping off all the losses recorded during this brief plunge and closing above the pre-CAS level at 22,716.
