The Economic Times

CAS swings: Niftys indicative price jumps 500 points in seconds, closes higher than pre-CAS level

The Indian stock market experienced notable volatility during the closing auction, marked by a steep selloff that wiped out more than Rs 8 lakh crore in market capitalization. Despite Sensex and Nifty ending higher than pre-CAS levels, investor sentiment remained cautious due to escalating bond yields and ongoing selling by foreign institutional investors.