India's New Closing Auction Sparks Nifty Jump on Expiry Day

India's new closing auction mechanism has sparked a second jump in the Nifty index on expiry day, leading to confusion and a turbocharged rally. The new system has introduced volatility and unexpected movements in the market.

4 Aug, 10:52 — 4 Aug, 10:52

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bloombergHigh31d ago

India’s New Closing Auction Sparks Second Nifty Jump on Expiry

India’s first weekly derivatives expiry under the new closing auction system did little to ease concerns about the new mechanism after the benchmark NSE Nifty 50 Index again moved sharply during the auction, after surprising traders on Monday.

By Savio Shetty

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India's New Closing Auction Sparks Nifty Jump on Expiry Day

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India’s New Closing Auction Sparks Second Nifty Jump on Expiry

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