The Indian stock market saw divergence in its benchmark indices for the second consecutive session on Friday, with the Sensex closing in the red and the Nifty in the green following sharp swings during the closing auction session (CAS).
Sensex and Nifty both traded in the green before the CAS began. The indicative prices of both benchmark indices sharply tumbled, with the Sensex plunging nearly 1,000 points within a few seconds, before making a sharp recovery. While the Nifty managed to recover all losses during the CAS, the Sensex ended with marginal losses in the red despite a sharp rebound.
