CAS chaos triggers liquidity spiral: Nuvama says higher participation needed to break cycle
The newly-introduced closing auction session (CAS) led to weak participation in BSE, with Nuvama highlighting that the thin liquidity appears to be "feeding on itself", discouraging further volumes and weighing on earnings.However, the brokerage suggests this vicious cycle can only be broken by higher participation. In its weekly report, it noted that BSE’s index option premium volumes (ADPTV) stood at around Rs 15,600 crore during the week which ended this Friday. This marks a sharp 14% plunge…



