The Indian stock market continued to witness a sharp divergence between its two major indices on Wednesday, with the Sensex rising over 400 points while the Nifty traded flat, as traders remained cautious following the introduction of the Closing Auction Session (CAS).
The new CAS system was introduced on Monday, following which Nifty recorded a sharp surge of 200 points in the last two minutes of the session, while Sensex comparatively escaped the sharp volatility. Tuesday's session saw a mixed opening on Nifty’s expiry day, although both the indices later closed in the red. Nifty, however, fell deeper, dropping 159 points to end the session at 24,615, while Sensex closed with lesser losses at 78,429.
