SEBI Proposes Close-Auction Session (CAS) to Determine Stock Closing Price
The Securities and Exchange Board of India (SEBI) has proposed a significant shift in how the closing price of a stock is determined. Moving away from the existing volume-weighted average price (VWAP) method, SEBI suggests adopting the close auction session (CAS), an internationally recognized practice, to enhance accuracy and reduce volatility, especially on event-heavy trading…
