https://www.taxtmi.com/circulars?id=69126 Introduce a Closing Auction Session (CAS) for derivative-listed cash equities in a phased manner: a 20-minute session (15:15-15:35) with reference price from 15:00-15:15 VWAP (or LTP/prior close if no trades), +/-3% price band, disclosed limit and market orders only, equilibrium-price closure maximizing executable volume with market-order priority, carryover of CTS limit orders (subject to exceptions and priority rules), applicable cash-market risk and margin rules, dissemination of indicative auction metrics, alignment of pre-open auction mechanics, revised settlement-price computation for derivatives, and SOP and system/implementation timelines. en-us Fri, 16 Jan 2026 00:00:00 +0530 Sat, 17 Jan 2026 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69126 Introduce a Closing Auction Session (CAS) for derivative-listed cash equities in a phased manner: a 20-minute session (15:15-15:35) with reference price from 15:00-15:15 VWAP (or LTP/prior close if no trades), +/-3% price band, disclosed limit and market orders only, equilibrium-price closure maximizing executable volume with market-order priority, carryover of CTS limit orders (subject to exceptions and priority rules), applicable cash-market risk and margin rules, dissemination of indicative auction metrics, alignment of pre-open auction mechanics, revised settlement-price computation for derivatives, and SOP and system/implementation timelines. Circulars SEBI Fri, 16 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69126