Sebi for changes to CAS timing, derivatives settlement prices
Times of India 1 hr ago·12 Sept 2026, 9:57 pm
The Securities and Exchange Board of India (Sebi) has proposed significant changes to the Closing Auction Session (CAS) and the pricing of derivatives. The regulator is evaluating two options for determining settlement prices and is considering a shift in market timings to include a transition break and longer trading intervals. This follows recent observations that the new CAS has led to increased volatility during the session's final minutes.
For investors, these changes aim to improve price discovery and reduce the sudden price swings often seen during the closing auction. A longer trading interval and a transition break could provide more time for order matching, potentially making the market's closing price more representative of actual demand and supply.
Market participants have been asked to submit their feedback by October 3. Traders should monitor the final regulatory order once the consultation process concludes, as these adjustments could alter trading strategies and risk management approaches for the derivatives market.
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- Category: Economy.
- Flagged as a high-impact, market-moving story.
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