SEBI Flags Closing Bell Mystery, Scans Trades for Manipulation
What Happened
SEBI is reviewing trades executed during the new Closing Auction Session (CAS) on August 3-4 after sharp last-minute jumps in the Nifty index raised concerns over possible price manipulation. The regulator has sought trading data from exchanges and is examining unusual moves in closing prices.
Key Takeaways
The probe aims to ensure the new market-closing mechanism remains fair and transparent. If vulnerabilities are found, SEBI may consider safeguards to prevent misuse and improve price discovery.