Why did the Nifty surge 200 points in the final minutes of trading?
India introduced its Closing Auction System (CAS) this Monday, which caused the Nifty to climb 200 points in the final five minutes of the session. The new CAS mechanism calculates closing prices via a single-price auction. This replaces the previous system, which relied on the volume-weighted average price from the final 30 minutes of trading for F&O stocks. The Nifty ended the day at 24,774.30, marking a 1.6% increase compared to Friday's closing figure.
by shortkt.com✓