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.
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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.