Securities and Exchange Board of India will release a framework regarding changes to the Closing Auction Session mechanism. The regulator reviewed comments on its consultation paper about market timings and settlement methodology. Sebi intends to address spec…

Asked when the final framework or circular on CAS can be expected, Pandey said the regulator would quickly examine the responses and move ahead with the process
The regulator has floated two expiry-day settlement methodologies, two alternatives for market timings and changes to order cancellation and Iceberg orders during CAS

A sudden 3% plunge in the BSE Sensex during a closing auction raises concerns over liquidity and potential market manipulation.
India's recently introduced closing auction system for stock prices is encountering early challenges, with traders raising alarms over erratic price fluctuations and confusion in the marketplace. In response, the Securities and Exchange Board of India (SEBI) …