S2Ep113 | One Stock, Two Exchanges, Two Prices | IndusInd Closes 1002.90 And 970 On The Same Day | BANKEX -1,094 Points vs Nifty Bank -0.47%, Nine Of Ten Worst Dislocations Are Banks | Sensex Indicative Flashes 75098, Monthly Settles 667 Points Below
The Tanmay Edge | India's pre-market edge, every trading day... by Tanmay Kurtkoti
Episode notes
IndusInd Bank closed at 1,002.90 on one exchange and 970 on the other. Same stock, same second, 3.3% apart. Federal Bank: 344.80 against 334.10. IDFC First: 83.80 against 81.30. PNB: 115.40 against 112. Episode 113 examines what the closing auction did to the Indian cash market on Sensex monthly expiry day, using the official BhavCopy from both exchanges.
What happened: through Thursday afternoon the Sensex traded between 77,200 and 77,300. At 15:22 the indicative close flashed 75,098.23, roughly 2,200 points below the tape. The final settlement printed 76,933.59, which was also the low of the day, making it the third consecutive session where the close was the low and was set after continuous trading ended. Around 370 points of the 539-point fall arrived after the tape stopped. The August Sensex contracts settled at 76,933.59, which is 667 ...