The sharp volatility in benchmark indices during the closing auction session continued, with the Nifty seeing a spike of more than 300 points in less than a minute to briefly cross 23,000 at the fag end of Tuesday’s weekly expiry-day session.
The Nifty was trading at around 22,717.70 at 3:19:59 pm, before the closing auction session began. The benchmark index then spiked 2% to 23,026 at 3:20:30 pm. It subsequently pared gains and closed at the day’s high, excluding closing auction session (CAS) levels, at 22,776.
