NSE Sees Record Turnover During First Index Rebalancing Auction
The National Stock Exchange recorded substantial trading volume in its closing auction session, capturing over 22% of daily cash market turnover as indices were rebalanced.
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The National Stock Exchange recorded substantial trading volume in its closing auction session, capturing over 22% of daily cash market turnover as indices were rebalanced.
Sebi chairman Tuhin Kanta Pandey has confirmed that the Closing Auction Session (CAS) will not be rolled back, emphasizing ongoing evaluations and potential enhancements to the framework.
The Indian stock market has introduced new closing auction session timings, aiming to concentrate liquidity, facilitate smoother execution of large orders, and generate more accurate closing prices.
BSE's new Closing Auction Session (CAS) is experiencing weak participation, leading to a liquidity spiral and sharp declines in option premium volumes, according to Nuvama.
New SEBI guidelines have introduced a Closing Auction Session for eligible stocks in India, changing the continuous trading halt to 3:15 PM and altering the final closing price calculation methodology.
Starting August 3, Sebi will introduce a new Closing Auction Session for F&O stocks to determine the official closing price, and trading hours in the equity derivatives segment will be extended by ten minutes.
India's market regulator, Sebi, has barred Copthall Mauritius Investment and Mansi Share and Stock Broking from the securities market for allegedly manipulating the Sensex during the new closing auction session.
India's Nifty50 and BSE Sensex benchmark indices showed divergent movements, attributed to a new closing auction session mechanism implemented for price discovery.