NSE, BSE Introduce Closing Auction Session to Improve End-of-Day Price Discovery
Indian stock exchanges NSE and BSE have introduced a new Closing Auction Session, altering the market's end-of-day trading schedule. The session is designed to concentrate liquidity during the final minutes of the trading day. This change aims to enable smoother execution of large orders that could otherwise distort prices. The new mechanism is also intended to generate a closing price that more accurately reflects overall market demand and supply.
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