India, Aug. 31 -- The Indian stock market witnessed an unusual closing session on August 31, with sharp movements emerging in several indices and stocks during the final minutes of trade. While the Nifty remained relatively stable, Bank Nifty jumped over 600 points, and the Nifty Midcap index saw a sharp move in the final minute.

The unusual volatility came as the new Closing Auction Session faced its first major test alongside the latest MSCI rebalancing. Heavy portfolio adjustments and concentrated orders during the auction led to significant price differences in several stocks, making the closing session the key market event of the day.

Index in Focus The Nifty had a relatively normal close, gaining around 30 points from 24,050 level...