CAS chaos eases?
Jefferies names top stock picks as options volumes recover, IPOs and commodities gain traction ETMarkets.com Synopsis Jefferies sees signs of recovery in India’s derivatives market as options volumes rebound after the disruption caused by the closing auction session (CAS).
BSE’s cash-market share also rose, while MCX benefited from stronger energy options activity.
The brokerage expects Groww to benefit from improving orders, higher MTF volumes and commodity trading, and named Groww, MCX, KFIN and Nuvama as top picks By Debaroti Adhikary, ETMarkets.com XPeers Billionbrains Garage Ventures Share Price Angel One Share Price Choice International Share Price JM Financial Share Price IIFL Capital Services Share Price Oct 05, 2026, 01:56:00 PM IST Follow us The impact of the recently introduced closing auction session (CAS) may finally be easing on Dalal Street, with issues around the new mechanism appearing to settle, Jefferies said in its latest report.
The brokerage noted that options volumes improved in September after a sharp drop in August.ADVERTISEMENT The international brokerage said industry-wide September index options premium ADTO stood at Rs 68,100 crore, broadly similar to July levels before CAS was introduced on August 3.
The new mechanism changed how closing prices are calculated for stocks in the futures and options (F&O) segment.Jefferies said the recovery to pre-CAS levels was largely driven by easing CAS-related issues and a spike in the VIX.
4% from the previous month to Rs 23,200 crore.
BSE’s options market share fell slightly to 34.1% from 34.7% last month, as NSE had an additional expiry, Jefferies noted.
It also highlighted that BSE’s cash-market share rose to 8.8% in September, marking the third consecutive monthly increase, led by the mega NSE IPO.MCX, meanwhile, saw options ADTO rise 21% month-on-month, while futures ADTO fell 7% MoM.
Jefferies noted that the increase in options ADTO was led by a 44% MoM rise in energy options ADTO.
The commodity exchange is among the international brokerage’s top capital-market picks.ADVERTISEMENT Jefferies on Groww share price Groww could benefit from a recovery in orders, a pick-up in its MTF book and a rise in commodity trading in September, Jefferies said.
Groww’s MTF book, which had plateaued in August, rose 10% month-on-month to Rs 4,300 crore in September.
For depositories, delivered quantities, IPOs and demat openings have been improving.
The brokerage named Groww, MCX, KFIN and Nuvama as its top picks.ADVERTISEMENT ADVERTISEMENT Analyst or an Investment Adviser.
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