MSCI rebalancing drove $4.1 billion of trades in NSE’s closing auction, nearly 40 times the average since India introduced the new closing pricing system.

This Monday marks a critical juncture for India's new closing auction system, as it gears up to manage an influx of billions in passive fund trades. The quarterly MSCI index…

Expected passive-fund turnover is nearly 30 times typical auction volumes, raising liquidity and volatility concerns

India's equity markets brace for volatility as MSCI rebalancing tests new closing auction system on September 1.