The liquidation of leveraged positions, the highest since the portal began compiling data in January 2017, was triggered by rising oil prices amid an escalation in West Asia war. It contributed to sharp intraday volatility on Friday, when the Nifty swung 415 points (1.85%) between a low of 22,372 and a high of 22,787 before settling 0.4% lower at 22,600, according to Kruti Shah, quant analyst at Equirus.
