India Regulator Proposes Changes to Closing Auction After Swings

India’s markets regulator has proposed changes to the closing auction session after recent volatility and a surge in concentrated derivatives activity around a new mechanism raised concerns among market participants. The Securities and Exchange Board of India (SEBI) released the proposals, which focus on overhauling how the closing auction operates. The document signals that SEBI is responding to the way participants are using the new closing mechanism, amid sharp swings in market conditions. The proposal indicates an intent to adjust the auction structure to address participant concerns and improve the closing process, though the specifics beyond the overview were not included in the provided excerpt.