BSE and Angel One Shares Rally Following SEBI's CAS Review
· Business · Economic Times, LiveMint
Shares of BSE, Angel One, Groww, Nuvama Wealth Management, and Motilal Oswal rose by up to 8% following a SEBI circular regarding the Closing Auction Session. The market regulator announced it will review the methodology for determining derivative settlement prices on expiry after receiving feedback from stakeholders. SEBI plans to issue a consultation paper next week to address concerns about the new mechanism. The Closing Auction Session is a call auction used to determine closing stock prices in the cash segment for derivative contracts. The regulator's decision follows market volatility and participant feedback regarding the implementation of the new session.
Why it matters
The review could lead to adjustments in how derivative settlement prices are calculated, directly impacting traders and the operational mechanics of Indian stock exchanges.
Read the original report — Economic Times
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