Nifty 50 Sudden surge when market closed

Nifty 50 on 3rd Monday


Why did the Nifty surge in the final minutes of trading today while the Sensex didn't?

Look at the above chart of Nifty 50 which can be seen that the market suddenly closed around 24774.30 why this sudden spike happened in this Nifty 50 index. 

 

Let me tell you why it happened.b0067ffcaafd1e918b5bbd9311e43aa66c5fa7326fa8fcdf48b09826bcfa6ed5.jpg

  • It surged due in the final minutes due to SEBI's new Closing Auction Session (CAS), institutional buying in specific F&O heavy weight stocks, and structural differences in how index closing values are calculated.

New Closing Auction Mechanism

  • CAS Rollout : Monday marked the debut of the Closing Auction Session for stocks in the futures & Options Segment.
  • Auction Window : Continuous trading ends at 3:15 PM, Followed by a single price equilibrium auction running until 3:35 PM to determine official closing prices.

How do you rate this article?

1


LifeImpression
LifeImpression

i am a fellow blogger interested in reading and writing content. Thank you


Indian Market Equity/Index
Indian Market Equity/Index

Hi guys just analysis for Equity /nifty 50/Gift Nifty 50 & other stocks. i am not advicing anyone to copy this strategy or analysis. It is just for Education purpose.

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.

Page not displaying correctly?