Finance
SEBI Reviews Expiry-Day Settlement Under the Closing Auction, Plans Deeper Cash Markets
NEW DELHI: The Securities and Exchange Board of India is examining how derivatives contracts are settled on expiry days under the stock exchanges' new closing auction session, its chairman Tuhin Kanta Pandey said on October 3, the day public comments on the regulator's proposals closed.
Speaking at the 12th International Convention of the Commodity and Capital Market Participants Association of India in New Delhi, Pandey said India needs capital markets that can mobilise capital, manage risk and build investor confidence, All India Radio reported. The regulator, he said, is working to strengthen the market structure so that "households can invest with confidence, businesses can raise funds for growth, and market intermediaries maintain high standards of conduct."
The closing auction session, or CAS, was introduced in August 2026 to set the closing price of eligible stocks. Instead of relying only on a volume-weighted average price, the closing price is found through…
