The BSE Sensex witnessed a sharp 'flash crash' during the closing auction session on Thursday, triggering significant volatility and investor concern regarding market stability.
Traders reported extreme price swings, with some options contracts surging by 4,000% within a 15-minute window, highlighting the risks associated with the current auction mechanism.
Market regulator SEBI is under pressure to review the closing auction process and F&O curbs following the incident, which saw massive fluctuations in index value.