New closing auction triggers confusion, sparks late Nifty swings

Market participants faced confusion during the new auction system's debut. Indices and stock values diverged significantly, catching traders by surprise. The new system determines closing prices through a separate auction process. This change aims to create more robust closing prices for derivatives. Tuesday's derivatives expiry will be a key test for the new system.

from Economic Times https://ift.tt/hFiDqE4