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The Economic Times
The Economic Times
Debaroti Adhikary

Jefferies says Sebi's proposed CAS changes will remove uncertainty, but still remains negative on BSE. Here’s why

Jefferies views Sebi’s latest proposals to change the Closing Auction Session (CAS) as positive for exchanges and brokers after the newly introduced system triggered massive market volatility and spooked investors. However, the brokerage remains negative on BSE shares.

On Saturday, Sebi proposed two options for determining expiry-day settlement prices for index and stock derivatives. The consultation paper also proposed changes to the timing of the continuous trading session (CTS), CAS and derivatives trading, along with additional measures to improve the new session.

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