SEBI STANDS FIRM ON CLOSING AUCTION SESSION, PUSHES FOR HIGHER PARTICIPATION : CNBC AWAAZ •SEBI is closely monitoring the rollout of the Closing Auction Session (CAS). • No immediate changes are planned to the existing CAS framework. • Regulator sees no issues with the current design or technical setup. • SEBI Chairman met brokers and market participants to discuss boosting CAS participation. • Higher participation is seen as critical for the auction's long-term success. • Participation improved on the second day compared with the launch day. • SEBI expects auction volatility to decline as participation increases. • Traders are encouraged to use the indicative price displayed during the auction. • CAS was introduced after studying closing auction mechanisms used by major global exchanges. • SEBI says the new system will improve transparency and deliver long-term market benefits as it stabilizes.
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