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Closing Auction Session: Why Sebi says the new framework is better than VWAP - The Economic Times
Sebi has defended the new Closing Auction Session (CAS), saying it offers better price discovery and execution certainty than the earlier VWAP-based system. The regulator said CAS aligns Indian markets with global practices and aims to reduce price disruption. Traders, however, remain concerned about unpredictable closing prices and risk management.
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