21 hrs ago
Indian Mutual Funds Avoid Big Trades in Closing Auction
India’s stock market has introduced a new 15-minute period called a closing auction.
Mutual funds are taking part in it more often.
However, they are mostly making very small trades.
Fund managers say prices can move sharply during this short period.
Because of that risk, they are avoiding large trades.
This means mutual funds are participating, but their activity may not have much effect on the market.
The funds are being careful rather than making big bets during the auction.
Indian mutual funds are increasing participation in the stock market’s new closing auction.
Several fund managers said most of their trades in the session are too small to matter.
The closing auction lasts 15 minutes.
Fund managers are wary of sharp price swings during the auction window.
The cautious approach is limiting the size of mutual funds’ trades in the new session.
- Who
- Indian mutual funds and their fund managers.
- What
- Mutual funds are increasing participation in a new closing auction but avoiding large trades.
- Where
- India’s stock market.
- When
- During the stock market’s new 15-minute closing auction session.
- Why
- Fund managers are wary of sharp price swings during the auction window.
Key facts
- Market
- India’s stock market
- Participants
- Indian mutual funds
- Session
- A new closing auction
- Duration
- 15 minutes
- Trading pattern
- Participation is increasing, but trades are mostly small
- Main concern
- Sharp price swings during the auction
Sources
Related news
SEBI Reportedly Eases Arbitrage Fund Rules to Support Closing Auction
India’s New Stock Auction System Faces First Monthly Expiry Test
NSE Closing Auction Faces First Major Test Amid Record Turnover
NSE Closing Auction Passes Monthly Derivatives Expiry Test
UK Sinha Says SEBI Needed More Preparation for Closing Auction
Mahindra Thar OG Launched With Three Variants, Three Engines
Bisleri, National Book Trust Partner on Plastic Recycling
Election Commission Defends Decisions Amid SIR Dissent Row
Green Asia Impex Opens ₹60.10 Crore Seafood Processing IPO
Germany Awaits India Approval for Submarine Technology Partnership
