Indian benchmark indices continue to see wild swings during the closing auction session (CAS), with Nifty seeing a sharp 2% drop in indicative price in less than 30 seconds before recovering some losses by the end of Tuesday’s weekly expiry session.
Nifty was trading at around 23,172 on Tuesday afternoon before normal trading stopped and closing auction session began. Immediately, Nifty’s indicative price saw a sharp spike to 23,342 at 3.20:01. But what followed was a sharp crash of around 462 points or nearly 2% from that level to 22,879 sharp at 3:20:30.
