1 day ago
Nifty Swings 850 Points During Volatile Closing Auction Session
The Nifty is an important group of stocks traded on India’s stock market.
On Tuesday, its value moved up and down very quickly.
It first climbed to 23,805.65 during the closing period.
Then it dropped to 23,374.70 in only a short time.
It recovered partly and finished at 23,635.10.
Overall, it ended lower than the day before.
The large movements happened on a weekly expiry day for futures and options contracts.
Such sudden changes can make trading derivatives more uncertain and expensive.
The Nifty swung about 850 points during Tuesday’s closing auction session on its weekly derivatives expiry day.
The index rose to 23,805.65 before dropping to 23,374.70 and later recovering to close at 23,635.10.
The Nifty ended 144.05 points, or 0.61%, below its previous close.
The National Stock Exchange recorded ₹2,099 crore in closing-auction turnover, more than double the previous day’s figure.
HDFC Bank was the most-traded stock, while similar sharp volatility previously sent Sensex put-option premiums up 400–500% within minutes.
- Who
- The Nifty, the National Stock Exchange, and stocks including HDFC Bank, ICICI Bank, Bharti Airtel, and Reliance Industries.
- What
- The Nifty swung about 850 points during the closing auction session and finished lower overall.
- Where
- The National Stock Exchange’s closing auction session.
- When
- Tuesday, during the weekly expiry session for futures and options contracts; a similar Sensex movement was reported on Thursday, September 3.
- Why
- The volatility occurred during a derivatives-expiry session and increased uncertainty for derivatives traders.
Key facts
- Nifty closing level
- 23,635.10
- Nifty daily change
- Down 144.05 points, or 0.61%
- Session high
- 23,805.65
- Session low
- 23,374.70
- Approximate swing
- 850 points
- Closing-auction turnover
- ₹2,099 crore
- Most-traded stock
- HDFC Bank, with ₹160.88 crore turnover
Sources
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