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Sensex surges 1,100 points ahead of key SEBI meeting on CAS framework
M
Moneycontrol•15-10-2026, 11:35
Sensex surges 1,100 points ahead of key SEBI meeting on CAS framework
- •Benchmark index Sensex jumped over 1,100 points on October 15 driven by expectations surrounding a likely SEBI meeting.
- •SEBI called a Secondary Market Advisory Committee meeting to discuss feedback on the closing auction session framework.
- •Market participants favor retaining the volume-weighted average price methodology for derivatives settlement prices to curb sharp swings.
- •The regulatory review follows volatility on expiry days after the introduction of the closing auction session mechanism.
Key Questions Answered
The meeting features a single-point agenda to discuss feedback received on SEBI's consultation paper regarding the Closing Auction Session (CAS) framework.
The benchmark index Sensex surged over 1,100 points, trading up 1,052.91 points at 73,834.80, while the Nifty rose 304.25 points to reach 22,926.95.
Market participants have largely favoured retaining the existing volume-weighted average price (VWAP) methodology rather than immediately moving to a blended methodology incorporating closing auction session prices.
