TRN Business
SEBI Updates Closing Auction Session Timings and Operational Framework
The Securities and Exchange Board of India (SEBI) has updated the timings and operational framework for the Closing Auction Session in the equity cash market. The new session will last for 10 minutes, from 3.30 PM to 3.40 PM, and will feature distinct phases for calculating reference prices and placing orders. Additionally, trading in stock and index derivatives will continue until 3.45 PM, with specific rules for settlement prices and unexecuted orders on expiry days. These changes aim to enhance the efficiency and clarity of trading operations in the Indian equity market.
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