SEBI finds no manipulation in new closing auction, easing market worries
Regulator SEBI says its newly introduced closing auction session, launched on August 3 to improve price discovery, has shown no signs of manipulation despite criticism over low liquidity. Chairman Tuhin Kanta Pandey warned that while the system curbs small‑trade price swings, the market is still adjusting and SEBI will publish a detailed paper in the next 8‑10 days.