Why Mutual Funds Are Wary of India’s Closing Auction
Mutual funds are limiting closing-auction trades because an unfavourable execution price can affect a scheme’s NAV and its investors.
#Closing Auction
3 articles
Bank Stocks Show Unusual NSE-BSE Closing Price Gaps
Some Indian bank shares closed at sharply different prices on NSE and BSE, highlighting dislocation under the exchanges’ new closing auction system.
Indian Market Report: Nifty Jumps 1.60% as Closing Auction Amplifies Rally
Nifty jumped 1.60% as IT and banks led, but a new closing auction amplified the late move and produced an unusual split with Sensex.