 "SEBI")
The Securities and Exchange Board of India (Sebi) on Thursday proposed introducing a separate call auction session (CAS) after the market hours to determine the closing price of stocks in the equity cash market, akin to the mechanism followed globally.
In a consultation paper, Sebi proposed introducing a call-auction mechanism for determining the closing price of each stock through a separate 15-minute session between 3:30 pm and 3:45 pm. The proposed mechanism would initially be available only for stocks in the derivatives segment and later extended to others in a phased manner.
The new mechanism will replace the current practice
