Weekly Expiry: Sensex mirrors Nifty's swings, but with milder spurts

The recent weekly expiry of Sensex showcased unexpected surges in the index and heightened options premiums. Traders observe that such fluctuations are now standard until liquidity conditions improve. Notably, substantial implied volatility spikes arose without impactful news. Significant trades in ICICI Bank hinted at efforts to sway the index's trajectory. This market landscape creates challenges for option writers while benefiting buyers.