India beats a hasty retreat from a crucial market reform

India’s market-closing auction reform, designed by Sebi to curb price manipulation, has faced volatility and investor backlash within weeks. The regulator may weaken or abandon it, exposing deeper problems: high securities taxes, inadequate arbitrage, shallow liquidity and restrictions on short selling. Poor coordination between fiscal and regulatory policies ultimately undermined reform efforts.

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.