Several retail traders are allegedly boycotting the stock market today, not trading Indian equities as a mark of protest against the newly introduced Closing Auction Session (CAS) that has triggered panic among investors this month.
Stock exchanges introduced the new CAS system this month, changing the way closing prices are calculated for stocks included in the futures and options (F&O) segment. What followed was strong volatility and a sharp divergence in the benchmark indices’ closing prices.
