Nifty jumps 300 points in minute on expiry day
In short
Nifty jumped by more than 300 points in less than a minute on Tuesday’s closing auction session and briefly moved above 23,000 before giving back some gains.
The swing raised fresh worries about expiry-day volatility in CAS. Sebi may change derivatives settlement rules, but the exact reason for the move was not stated.
What the reporting says
Nifty surged more than 300 points in less than a minute during Tuesday’s closing auction session, briefly crossing 23,000 before paring gains. The reported move revived concerns about CAS volatility on expiry days, while Sebi is said to be considering changes to derivatives settlement rules. Jefferies also noted signs of recovery in options volumes. The immediate cause of the spike remains unclear.
Why it matters
Nifty’s sharp move during Tuesday’s closing auction drew attention because it happened on expiry day and briefly pushed the index above 23,000. The reporting links the episode to renewed concerns about CAS volatility and notes that Sebi is considering rule changes for derivatives settlement. Jefferies’ comment on improving options volumes suggests activity may be recovering, but the trigger for the minute-by-minute spike was not stated.