SEBI proposes seven changes affecting India’s Closing Auction Session (CAS) and parts of derivatives settlement and timings. One key proposal is to remove the “indicative index value” currently displayed during the CAS, which is based on the indicative equilibrium price (IEP).
SEBI’s proposals also relate to how market processes run around the close, including settlement-related aspects and the scheduling of related activities. The outlets covering the development describe it as a regulatory consultation aimed at modifying existing exchange mechanisms used to determine and reflect auction-related equilibrium values and timing.
Across the information provided, the focus is primarily on the CAS display of an indicative figure and related operational and settlement changes. The reports do not indicate that SEBI has implemented the changes yet, and instead present them as proposed amendments that would be subject to further regulatory process before taking effect.
