NSE Closing Auction Handles Rs 39,718 Crore in 15 Minutes During Index Rebalancing

India's National Stock Exchange processed trades worth Rs 39,718 crore within just 15 minutes through its Closing Auction Session (CAS) during a major index rebalancing event. The high trading volume served as a significant stress test for the relatively new market mechanism. While the session successfully absorbed the large rebalancing-driven order flow, analysts caution that this single event does not confirm the system performs reliably under all market conditions. The episode highlights both the capacity and the limitations of the CAS as a price-discovery tool for Indian equity markets.