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NSE says new closing auction led to Nifty spot-futures divergence
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NSE attributed the Nifty and Bank Nifty spot-futures divergence to the new Closing Auction Session (CAS) mechanism.
The exchange clarified that the divergence was not an anomaly but a result of the CAS mechanism implemented under SEBI guidance.
The CAS mechanism was introduced for better price discovery, as per NSE's statement.
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Rajeev Chandrasekhar / Jupiter Capital interests historically