Market barometers, the Sensex and the Nifty 50, continued to exhibit divergent movements for the third consecutive session on Wednesday, 5 August. The Sensex jumped over 600 points, or nearly 1%, during the session, while the Nifty 50 declined by 0.20%.
In the previous session, the Nifty 50 dropped 0.64%, while the Sensex declined 0.27%. On Monday, the 30-share pack rose by 0.70%, while the NSE counterpart surged 1.60%.
The divergence in the benchmarks can be attributed to the implementation of the Closing Auction Session (CAS) in the equity cash segment, which became operational on Monday.
(This is a developing story. Please check back for fresh updates.)
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