The share market today works with a new change in timings, as announced by SEBI. The change involves a closing auction mechanism that will be implemented from today.
According to the announcement, the closing auction will be a separate session that will take place after the regular market hours. This session will allow for the settlement of trades and the determination of the closing prices. The auction will be conducted electronically, and its primary purpose is to ensure a fair and orderly market close.
The SEBI’s decision to introduce the closing auction is aimed at improving the market’s efficiency and reducing volatility. The new mechanism will provide a more accurate reflection of the market’s true prices, which will benefit both investors and market participants. However, the evidence does not provide detailed information on how the auction will be conducted or what specific rules will govern it.