CAS crash: Nifty plunges 462 points in less than 30 seconds. Will Sebi’s review break trend?

CAS crash: Nifty plunges 462 points in less than 30 seconds. Will Sebi’s review break trend?

Nifty witnessed a sharp 2% plunge in indicative price within seconds during Tuesdays closing auction session before recovering losses. The volatility comes amid concerns over the new CAS system, with Sebi proposing changes to expiry-day settlement and trading mechanisms.

CAS drama: Expiry-day volatility persists as Nifty, Bank Nifty see sharp swings

Digital Desk | Mumbai, Sep 15 (IANS) Equity markets witnessed sharp volatility during the futures and options (F&O) expiry session on Tuesday extending a trend seen since the introduction of the Closing Auction Session (CAS) framework. During the indicative closing period, the Nifty dropped to an intraday low of 22,879, down 2.2 per cent. Similarly, the banking index Bank Nifty fell more than 1,400 points to 55,196, a decline of more than 2 p…