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Closing Auction Session needs market makers as price swings persist
Economic Times — Markets✓
Original Reporting
AI EXECUTIVE SUMMARY
India’s new 20-minute Closing Auction Session (CAS) absorbed a record $4.2 billion in MSCI-linked trades on Monday, but sharp price swings persisted despite the surge in volumes. Around 60 stocks hit their 3% price limits, highlighting concerns over thin liquidity and the lack of market makers, which could be crucial for the system’s long-term success.
India’s new 20-minute Closing Auction Session (CAS) absorbed a record $4.2 billion in MSCI-linked trades on Monday, but sharp price swings persisted despite the surge in volumes. Around 60 stocks hit their 3% price limits, highlighting concerns over thin liquidity and the lack of market makers, which could be crucial for the system’s long-term success.
This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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