Bankex put sees a dramatic surge of 14,700% on expiry day
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Most notably, the Bankex 65,000 Put expiring on Thursday surged from ₹6.65 to ₹987, a jump of nearly 14,700% within minutes. The move came as indicative closing levels during the auction briefly pointed to a near 3% decline in the Sensex, sharply steeper than its fall before the session began. The index was down roughly 0.3-0.4% just before the closing auction session began. Several other Bankex put options around the 65,000 strike also witnessed sharp spikes, with premiums jumping between 500% and 4,500%. Social media was abuzz with chatter that several options sellers suffered heavy losses because of the unexpected expiry-day volatility. Read more: NSE IPO: Sebi approval likely soon, says chairman Tuhin Kanta Pandey At the close, the Sensex ended at 76,933.59, down 539.35 points, or 0.70%, while the Bankex settled at 64,313.15, down 1,094.16 points, or 1.67%. The declines in NSE's comparable indices were much smaller, with the Nifty closing at 24,090.85, down 116.90 points, or 0.48%, and the Bank Nifty ending at 57,509.95, down 273.80 points, or 0.47%. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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