NewzSebi chairman Tuhin Kanta Pandey has announced plans to advance reforms to the Closing Auction Session (CAS) mechanism following a public consultation process. The regulatory body received over 3,500 responses regarding the proposed changes, which include updates to settlement prices for both stocks and indices.
The initiative aims to implement transformative adjustments based on the feedback gathered from market participants. By moving forward with these proposals, the regulator intends to refine the existing auction framework to better align with the input provided during the consultation period.
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