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The Economic Times
The Economic Times
Business

CAS Chaos: Dalal Street's biggest stock trading reform in years endures a rocky first week

The Securities and Exchange Board of India India

For much of the first week of trading under India’s new auction system to set closing stock prices, traders were convinced that one of the most consequential market structure reforms in years was faltering.

As calls grew louder for the mechanism to be rolled back, the regulator met with some of the nation’s top stock brokerages and delivered a clear message: the closing auction is here to stay.

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