Story thread · 2 reports / 2 sources

Weekly Expiry: Sensex mirrors Nifty's swings, but with milder spurts

economictimes.indiatimes.com · 4dShare

Mumbai: The BSE benchmark Sensex's first weekly expiry since the implementation of the new closing auction session saw spurts in the index like the moves seen in its peer Nifty over the past three days, though the magnitude was lower.Market participants said that while unusual moves continued to dominate, these would be the new normal until liquidity improves.On Thursday, the Sensex ended at the day's high of 78,954.76, up 0.48% over Wednesday, while the Nifty closed almost flat. Nifty was up as much as 0.2% earlier in the day."Once again on Sensex expiry, we saw virtually no decay in options premiums," said Samir Doshi, CEO, Marwadi Shares and Finance. "Sensex options witnessed an unusual spike in implied volatility to 41-42% during the day, higher than the levels seen during the Jane Street episode, which is an extremely rare occurrence, especially in the absence of any market moving news."Participants had earlier expressed concerns about Sensex's expiry, after the spurt seen in Nift

First report: India’s New Auction Passes Sensex Expiry Test After Chaotic Week — bloomberg.com, 5d