CAS stays, but derivatives settlement may change, says Sebi chief Tuhin Kanta Pandey after another 1,000-point Sensex swing
Economic Times 1 hr ago·10 Sept 2026, 11:33 am
Sebi Chairman Tuhin Kanta Pandey has confirmed that the Closing Auction Session (CAS) will remain in place, despite recent market volatility. This mechanism, introduced to determine the daily settlement price, has been under scrutiny following sharp Sensex swings. The regulator is now actively reviewing the calculation methods used for derivative settlement prices to ensure stability.
For investors, this news signals a period of adjustment. While the CAS framework is set, the focus is now on how it will be fine-tuned to mitigate extreme price movements. Market participants should monitor upcoming consultation papers from Sebi for clarity on potential changes to the settlement process.
Excerpt from Economic Times
Sebi Chairman Tuhin Kanta Pandey stated the Closing Auction Session is here to stay. Traders express concerns about sharp expiry-day swings linked to this new mechanism. Global index provider MSCI acknowledged its recent rebalancing went well under the new framework. Sebi is reviewing derivative settlement price…Read the original at Economic Times
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