Whether markets are open or closed, it doesn't matter.
CAS has been one of the top trending news on X for 3 consecutive days now.
SEBI better act fast on CAS or keep facing the unrelenting wrath on social media.
#CASino#RollbackCAS
I wrote, requested SEBI Chairman to review & inquire about #CAS Manipulation & Volatility in last few minutes.
27 August BSE during last 12 minutes of trading at NSE/BSE Sensex crashed over 2,200 points & than recovered 2,000 points.
Want Action against Manipulators
THE GREAT PRICE DISCOVERY
There was once a town famous for its perfectly functioning weighing scale.
Every evening, merchants used it to decide the final weight of everything sold in the market.
One day, a committee arrived.
“We can make the final weight more accurate.”
The merchants asked how.
“Price discovery.”
Nobody understood what that meant, which was reassuring because it sounded important.
So the committee installed a new machine.
A few days passed.
Nobody quite understood what the machine was doing.
Sometimes a sack that had weighed 100 kg all afternoon would suddenly show 96 kg, only to return to 100 a few minutes later.
Sometimes two identical sacks would somehow finish the day with noticeably different weights.
Sometimes the machine would swing wildly in the final minutes, while the merchants were still buying and selling based on whatever number flashed on the screen.
People complained.
A few merchants demanded that the old scale be brought back.
The committee assured everyone there was nothing to worry about.
“These are just temporary issues. The new system will improve price discovery.”
Then one day, a sack that had weighed 100 kg all afternoon was placed on the machine near closing time.
It showed 98 kg.
Then 96.
Then 94.
The market closed.
Everyone started shouting.
Some merchants rushed to sell.
Others cancelled orders.
A few checked whether somebody had actually stolen grain from the sack.
The committee remained calm.
“Please don’t panic. The machine has discovered the true weight.”
So 94 kg became the official weight of the sack.
The next day, the same sack was placed on the same machine.
99.8 kg.
The merchants stared at the display.
One of them finally asked:
“Yesterday you discovered it was 94 kg.”
The committee nodded.
“And today you’ve discovered it is 99.8 kg?”
Another nod.
The old merchant standing nearby asked:
“So which one was the true weight?”
The committee smiled:
“Yes.”
India’s popular stock benchmark, the BSE Sensex, briefly plunged about 3% during a 20-minute closing auction, exacerbating concerns over thin liquidity and manipulation during the window https://t.co/8mh00ewscn
@SEBI_India@NSEIndia@BSEIndia What kind of DUMB CAS system is this? Bankex VS banknifty today. @BJP4India are you aware of the manipulation happening inside your markets? You are going to pay for this big time