Andy Mukherjee: Has Sebi lost its nerve on auctions for stock-market closing price discovery?
Mint has reported a new India-focused economy development: “Andy Mukherjee: Has Sebi lost its nerve on auctions for stock-market closing price discovery?.” The publisher's feed describes the story as follows: There's no doubt India needs market depth, but its regulator seems to have given up on a reform it had instituted recently. The Securities and Exchange Board of India (Sebi) has asked for a discussion on whether to shorten the auction window or roll the idea back (effectively). This is dis
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