Nifty jumps 300 points in minute, briefly tops 23,000
In short
Nifty rose by more than 300 points in less than a minute during Tuesday’s closing auction session. It briefly went above 23,000 and then gave back some of the gains.
This matters because the jump renewed worries about expiry-day volatility in CAS. Sebi may change derivatives settlement rules, but the reporting does not say what will change or when.
What the reporting says
Nifty surged more than 300 points in less than a minute during Tuesday’s closing auction session and briefly crossed 23,000 before giving back part of the move, according to publisher-supplied market summaries. The reporting says the sharp swing renewed concerns about CAS volatility on expiry days, while Sebi is considering changes to derivatives settlement rules. The trigger for the move and any final rule changes are not stated.
Why it matters
The publisher-supplied summaries say Nifty moved more than 300 points in under a minute during Tuesday’s closing auction and briefly traded above 23,000 before easing. The sharp move raised fresh concerns about CAS volatility on expiry days. The reporting also says Sebi is considering derivatives settlement rule changes and that Jefferies sees recovery in options volumes, but no final action is reported.