NSE Closing Auction Session turnover hits ₹39,718 crore on index rebalancing day
The session coincided with the MSCI August 2026 Index Review and marked the first major rebalancing since CAS was introduced
The National Stock Exchange of India (NSE) recorded a Closing Auction Session (CAS) turnover of Rs 39,718 crore on Monday, marking 22% of the exchange's total cash market turnover. This figure is significant as it is around 42 times the turnover recorded in the previous trading session, demonstrating a surge in activity during the first index rebalancing day since the mechanism was introduced.
The CAS, a call auction mechanism used for determining closing prices of stocks, saw a market share of 99.9% and participation from over 98,000 unique investors. The rebalancing of the MSCI August 2026 Index took place at the close of trading, coinciding with the heavy trading activity in the CAS, indicating that index funds, ETFs, and passive investors were executing their rebalancing trades through the mechanism.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
