Shares of NSE, BSE, Groww, Angel One, other broking and capital market firms gained up to 3% on Friday following a circular issued by the Securities and Exchange Board of India (SEBI) late Thursday evening regarding the Closing Auction Session (CAS).
Global brokerage Jefferies says the revised framework should reduce expiry-day volatility under the Closing Auction Session (CAS), benefiting brokers whose orders remain below pre-CAS levels. "With premium turnover for exchanges back to pre-CAS levels, earnings upside may be limited. We recommend buying Groww”.
