Markets #stock market#auction
Why the Stock Market's Close Is Now an Auction: NSE's New Closing Auction Explained
Since August 3, 2026, the closing price of India's ~200 F&O stocks is set by a single Closing Auction Session instead of a 30-minute VWAP. The first day produced a Nifty spike, a 110-point gap over futures, and distorted arbitrage fund NAVs, although the mechanism is intended to cut index fund tracking error.
Aug 7, 2026 1 source