{
  "id": 3841174,
  "title": "Sensex dives 2,200 points in 5 mins, recovers 2,000 points in next 7",
  "url": "https://urgent.news/2026/08/27/sensex-dives-2-200-points-in-5-mins-recovers-2-000-points-in-next-7",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T22:41:12.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/on-fo-expiry-day-sensex-sees-wild-swings-during-closing-auction-session/articleshow/133578425.cms"
  },
  "original_language": "en",
  "account": "Mumbai experienced a tumultuous trading session on August 3 as the Sensex and Bankex, indices managed by the Bombay Stock Exchange (BSE), experienced dramatic fluctuations within minutes. The introduction of the Closing Auction Session (CAS) by Sebi aimed to curb price manipulation, but the new process has already sparked wild swings in the market.\n\nWithin a five-minute window from 3.18pm to 3.23pm, the Sensex plummeted by over 2,200 points. However, in just seven minutes thereafter, from 3.23pm to 3.30pm, the index swiftly recovered nearly 2,000 points, closing at 76,934 points, marking a decline of 539 points from the previous day's close. On the National Stock Exchange (NSE), Nifty also showed volatility, slumping by over 100 points before recovering to end 117 points lower at 24,091 points.\n\nSeveral leading stocks, with significant weightage in the Sensex, witnessed price swings. Reliance Industries, for instance, saw its price drop from Rs 1,289 to Rs 1,250 in a seven-minute span, only to rebound to Rs 1,286. Similarly, HDFC Bank, ITC, Bharti Airtel, and other major stocks reflected intense volatility during CAS.\n\nTraders have expressed their grievances on social media. An X (formerly Twitter) user noted that a trader who had bought Sensex put options at 3.15pm for Rs 1 lakh, exiting at 3.20pm, would have made a profit of approximately Rs 44 lakh within a mere five minutes.\n\nThe abrupt market movements have raised concerns. A week prior, Copthall Mauritius, a subsidiary of JP Morgan, was accused by Sebi of manipulating the Sensex and its constituents to generate illegal gains worth nearly Rs 3 crore. Additionally, the domestic broker, Mansi Stock & Share Broking, was found to have engaged in similar manipulation tactics. In response, Sebi has banned Copthall and Mansi Broking from the market, barring them from proprietary trades, and ordered them to repay the illegal gains amounting to nearly Rs 3.8 crore.",
  "summary": "On Thursday, within a five-minute window after the start of CAS on BSE—between 3.18pm and 3.23pm—sensex crashed over 2,200 points and then within the next seven minutes—between 3.23pm and 3.30pm—it recovered nearly 2,000 points. It finally closed at 76,934 points, down 539 points from its Wednesday close. On NSE, things were relatively quiet. Between 3.18pm and 3.22pm, Nifty slid over 100 points.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}