Nifty Put Options Surge Amid Massive Expiry-Day Volatility

Nifty put options saw a massive spike in premiums during the closing auction session on September 8, with some jumping up to 400%.

The Sensex experienced a sharp swing of 850 points within minutes, driven by the exchange's new closing auction mechanism.

Market experts are investigating the volatility, which wiped out significant capital for retail traders caught in the sudden price movement.