Indian Stock Market to Gain Pricing Consistency with CAS Rollout

According to SEBI, the new Closing Auction Session will centralise liquidity into one transparent auction, eliminating the fragmented pricing that existed in the last 30 minutes of regular trading. This change is designed to enhance the accuracy of the closing price, especially as passive fund flows increase.

The regulator noted that passive fund assets now represent roughly 30 % of foreign portfolio investment and 28 % of domestic mutual‑fund equity AUM, driving a need for tighter price alignment with global benchmarks such as MSCI and FTSE.