Neutral impactStocks
Sebi CAS review draws over 20K responses; traders resist VWAP shift
Business Standard 1 hr ago·4 Oct 2026, 3:17 am
SEBI has opened a public consultation on its review of the Consolidated Audit Trail (CAS) and has already received more than 20,000 responses. Among the feedback, traders and exchanges are pushing back against a proposed shift to a 30‑minute CTS‑VWAP calculation and an extension of continuous trading until 3:30 pm, as recommended by the FIA, a global body of market participants.
The CAS framework underpins trade surveillance and market integrity in India. Any change to the VWAP methodology could alter how algorithmic and large orders are priced and executed, potentially affecting transaction costs and price discovery for both retail and institutional investors.
Investors should keep an eye on SEBI’s final rulebook, the timeline for any implementation, and whether the FIA’s recommendation is adopted. Further market reaction and possible adjustments to trading windows or pricing models will also be important to watch.
Key takeaways
- Category: Stocks.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. Use the price and stock snapshot to gauge how the market is responding.
