Sebi approves separate auction session to determine closing stock prices

Sebi is revamping how stock closing prices are determined in India's equity cash market, moving from a 30-minute average to a new 20-minute Closing Auction Session (CAS). This move aims to enhance price discovery and transparency, aligning with global practices. Initially, CAS will apply to derivative-linked stocks, with a phased rollout starting August 3, 2026.