Nifty plunges 462 points in closing auction; Sebi to review CAS system
The Nifty index experienced a sharp 462-point decline in its indicative price during Tuesday's closing auction session, recovering losses within seconds. The 2% plunge raised fresh concerns about the newly implemented CAS (Closing Auction Session) system.
Sebi is considering modifications to the expiry-day settlement and trading mechanisms in response to the volatility. The regulator's review aims to address structural issues that may have triggered the sudden price movement.
