SEBI Rethinks Closing Auction Rules After Expiry-Day Price Swings
SEBI has proposed major closing-auction changes after sharp price swings and liquidity concerns complicated derivatives settlement on expiry days.
#Closing Auction Session
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India’s Closing Auction Handles $4.2 Billion, Yet Prices Swing
India’s new closing auction processed $4.2 billion of MSCI-linked trades, but thin liquidity left around 60 stocks pinned at price limits.
BSE’s Closing Auction Cuts Contracts but Lifts Premium Turnover
BSE derivatives contracts fell after the closing auction began, but premium per contract jumped 74.8%, lifting turnover and market share.