India's Stock Market Closing Price Method Shifts to Auction System

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For more than 30 years, India's stock market closing price was determined by calculating the volume-weighted average price (VWAP) of all trades between 3:00 pm and 3:30 pm. This was a mathematical calculation rather than an actual transaction, meaning no trades occurred at that specific price. The closing mechanism has now changed to an auction-based system, altering how the final price is established. While long-term investors are largely unaffected by this shift, index funds and active traders will need to adjust their closing routines. The change marks a significant structural update to how Indian equity markets determine their benchmark end-of-day prices.

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