Sensex tumbles sharply on first monthly expiry after CAS shift
The Indian stock market erased all gains to close in the red, with Sensex seeing a sharp downturn at the fag end of the session on its first monthly expiry following the introduction of the closing auction session (CAS).
Sensex dropped 539 points or 0.7% to close at 76,934, while Nifty lost 117 points or 0.48% to end below 24,091 on Thursday.
This comes after Nifty had ended in the green on Tuesday on its first expiry day since the launch of CAS, introduced by earlier this month, changing the way closing prices are calculated for stocks included in the futures and options (F&O) segment.
Sensex dropped 539 points or 0.7% to close at 76,934, while Nifty lost 117 points or 0.48% to end below 24,091 on Thursday.
This comes after Nifty had ended in the green on Tuesday on its first expiry day since the launch of CAS, introduced by earlier this month, changing the way closing prices are calculated for stocks included in the futures and options (F&O) segment.
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