Nifty-Sensex Closing Value - Huge Difference

#1
Hi Friends,
I see today throughout the day NIFTY was not gaining equivalent to SENSEX.
While SENSEX closed at 15,289.40, moving up by +294.57 (+1.96%) NIFTY just closed at 4,609.85, moving up only by +35.90 (+0.78%).

What does this mean?
There is lot of Arbitrage Oppurtunity?

My opinion is since F&O volumes are high in NSE some people maybe selling heavily to rig Nifty down or to keep Nifty in tight range(Probably Option Sellers).

Already Nifty has missed to catch up against 3 major NASDAQ moves. As an Option Buyer this affects me a lot beause it results in a very low IV.

Friends, please shed some light.

Regards,
TinyBird
 

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