The impact of the recently introduced closing auction session (CAS) may finally be easing on Dalal Street, with issues around the new mechanism appearing to settle, Jefferies said in its latest report. The brokerage noted that options volumes improved in September after a sharp drop in August.
The international brokerage said industry-wide September index options premium ADTO stood at Rs 68,100 crore, broadly similar to July levels before CAS was introduced on August 3. The new mechanism changed how closing prices are calculated for stocks in the futures and options (F&O) segment.