Zerodha CEO says India's new closing auction reveals thin liquidity and market cracks
Zerodha founder Nithin Kamath says the freshly‑launched Closing Auction Sessions on BSE and NSE are exposing India’s shallow liquidity and limited arbitrage capacity, not the auction design itself. He warns the timing clashes with RBI’s new capital‑market exposure limits, and calls for deeper market‑making, easier shorting and securities lending to fix structural cracks.