Capital markets regulator Sebi, following consultations with stakeholders and receiving more than 20,000 comments, has revised the Closing Auction Session (CAS) framework.
The watchdog introduced the CAS earlier this year to ensure transparent and efficient price discovery for securities at the end of the trading day. However, the framework faced sharp backlash from traders, who criticised the unpredictability of price movements in stocks and indices under CAS.
