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Nifty's 200-Point Spike: How SEBI's New Closing Auction Rules Triggered Last 5-Min Surge
in5points
SEBI introduced Closing Auction Session for F&O stocks, affecting Nifty's closing price.
Nifty closed at 24,774.30, up 200 points following the new auction mechanism.
Higher auction prices in Reliance Industries and ICICI contributed to the surge.
The rules change altered the last 5 minutes of trading dynamics.
The move aims to reduce volatility and improve price discovery at close.
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Who owns this?
Adani Group
Gautam Adani
Acquired by Adani Group in 2022 from the founders.
Wikipedia: Gautam Adani