NSE recorded Rs 39,718 crore turnover in its Closing Auction Session, 22% of cash market turnover, with over 98,000 unique investors participating.

Cash market volumes hit a five-month low as investor caution grows amid volatility and the new closing auction system.

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.