SEBI rules out changes to closing auction framework

SEBI has no plans to review, change, or stop the Closing Auction Session (CAS) framework, sources told CNBC-TV18 on August 5. The regulator urged brokers to boost retail participation, seeing no issues with the design or intent. The new mechanism, which determines closing prices via a 20-minute auction from 3:15 pm, has caused divergence between Nifty and Sensex, with analysts citing teething issues.