Sebi Chairman Tuhin Kanta Pandey said the Closing Auction Session is not going anywhere, even as traders continue to raise concerns over sharp expiry-day swings linked to the new closing-price mechanism. "CAS is here to stay," the Sebi chief said, making it clear that the regulator is not looking to roll back the closing auction framework.
The statement comes on a day when the Sensex again saw a sharp intraday swing of more than 1,000 points during expiry-day trade before ending only 138 points higher, which reversed the day's losses.
