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SEBI Chairman: No evidence of manipulation in new closing auction session

Updated On: 12 August, 2026 03:23 PM IST | Mumbai | mid-day online correspondent

The closing auction mechanism for shares having futures and options contracts consists of a dedicated 20-minute session during which buy and sell orders are collected to determine an equilibrium closing price for a stock. The final price is discovered at the level where the maximum executable volume is matched

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Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey. File picture

Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey. File picture

Amid concerns over the new closing auction session implemented on August 3, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Wednesday said the market regulator has not observed any manipulation in the newly introduced mechanism, according to news agency IANS.

Describing the closing auction session (CAS) as a major market structure reform that aligns Indian markets to global best practices, Pandey said SEBI is reviewing feedback from stakeholders and welcomed inputs that could help increase participation in the new system.

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