Nifty spikes 200 points in first Closing Auction, exposing price‑discovery risk
The NSE's new Closing Auction Session caused Nifty 50 to close 200 points higher, driven by heavy buying in top stocks like ICICI Bank and Reliance. The move shows the 20‑minute auction can swing the benchmark when institutional orders concentrate, raising concerns about price discovery under SEBI’s new framework.