New closing auction triggers confusion, sparks late Nifty swings
· economictimes.indiatimes.com
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.
Agencies rollout bumps Some attribute divergence to large FI buy orders in Nifty heavyweights
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