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Distortions are inevitable: Nithin Kamath explains why new closing auction is causing wild moves in Indian stocks
Zerodha co-founder Nithin Kamath said the sharp swings under the new Closing Auction Session (CAS) reflect structural weaknesses in Indian markets rather than flaws in the mechanism itself. The new 20-minute auction, replacing the earlier VWAP-based close, has caused unpredictable late-day moves and losses for options traders and algo desks, fuelling calls for changes or a rollback.
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cryptobriefing.com
India's new closing auction system sparks trader confusion and a Nifty 50 spike
India's NSE and BSE launched a new Closing Auction Session replacing VWAP pricing, sparking trader confusion and a Nifty 50 spike with
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thehindubusinessline.com
Closing price discovery goes awry on Day 1 as CAS spikes Nifty value 200 points
Nifty's official close surged nearly 200 points during SEBI's first Closing Auction Session, highlighting the impact of institutional buying on benchmarks.
