BSE Sensex Flash Crash Hits 3% During Closing Auction
· Business · Bloomberg, Times of India
India's BSE Sensex briefly plunged about 3% during a 20-minute closing auction window on Thursday, rattling investors and exposing fragility in the market's end-of-session mechanism. Bloomberg's report says the flash crash deepened concerns over thin liquidity and possible manipulation during the unpopular closing auction, when volumes are typically low. The incident adds to scrutiny of how Indian exchanges manage the final price-setting phase of trading.
Why it matters
A 3% Sensex swing in 20 minutes raises fresh questions for SEBI and the BSE on closing-auction safeguards, directly affecting retail investors, mutual fund NAVs, and trader confidence in Indian benchmarks.
Read the original report — Bloomberg
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