Home / Business and Economy / India's Sensex Plunges 3% in Volatile Closing Auction
India's Sensex Plunges 3% in Volatile Closing Auction
28 Aug
Summary
- BSE Sensex briefly dropped approximately 3% on Thursday.
- The index slumped to 74,983.19 points during a 20-minute auction.
- Concerns over thin liquidity and manipulation were exacerbated.
India's premier stock index, the BSE Sensex, witnessed a significant downturn of approximately 3% during a brief 20-minute closing auction on Thursday. At its lowest point, the 30-stock index reached 74,983.19 points.
This dramatic fall has intensified existing concerns among investors and analysts regarding the market's thin liquidity. Furthermore, the incident has brought renewed attention to the potential for manipulation during the volatile closing auction period.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
