SEBI probing trades done under CAS, a week after launching it: Report

SEBI is investigating trades done on August 3 and 4 under the closing auction system (CAS), a week after the system was launched to improve price discovery, Moneycontrol reported. On the first two days that CAS was operational, Nifty jumped by 201 and 152 points in just 15 minutes. SEBI is probing whether trades were placed to manipulate share prices.