The first weekly expiry following the introduction of the new CAS-based closing price determination system commenced on a highly uncertain note. After the previous session's unusually strong close, where prices witnessed a sharp spike during the closing auction, the session with a gap-down. Prices largely drifted lower throughout the session, as the market appeared to adjust for the previous day's closing-auction spike. However, a sharp surge once again emerged during the closing auction, resulting in the index recouping almost all of its intraday losses. Consequently, NIFTY ended the session on an uncertain note at 24614, registering losses of 0.64%. The unusual price action around the closing auction continues to warrant caution, as the impact of the new settlement mechanism appears to be introducing elevated volatility into the final minutes of trade.
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Published on 5th August 2026
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