Indian bank stocks saw sharp NSE-BSE closing price gaps, with IndusInd Bank recording a nearly ₹33 difference amid scrutiny of the new auction system.

A sudden 3% plunge in the BSE Sensex during a closing auction raises concerns over liquidity and potential market manipulation.

Indias new closing-auction system is triggering extreme volatility in the options market, with prices swinging sharply within minutes. During the first monthly expiry under the…