Angel One, BSE lead capital market stocks higher as SEBI plans review of CAS mechanism
In the Nifty Capital Markets basket, Angel One, BSE Ltd, Groww, Motilal OFS, CDSL, Anand Rathi and Nuvama traded in positive territory
Capital market stocks experienced a significant surge on Friday following the release of an SEBI circular on the closing auction session (CAS) mechanism. The Nifty Capital Markets index climbed nearly 2% to 5,453.35, marking a notable increase from the previous close of 5,357.20. Brokerage stocks such as Angel One, Motilal Oswal, Emkay Global, Nuvama Wealth, and Anand Rathi, along with NSDL and CDSL, were closely watched amid the market's response.
The regulator is set to release a consultation paper in the coming week, proposing changes to the method used for determining settlement prices of derivative contracts, a move prompted by feedback on the recently implemented CAS mechanism. Exchanges also made adjustments to certain norms within the CAS, allowing the volume-weighted average price (VWAP) of trades executed between 3-3:15 p.m. to be used in determining the reference price for stock and index futures.
Among the gainers in the Nifty Capital Markets basket, Angel One shares led the pack with an 8% rise to ₹308.35, while BSE shares surged 5% to ₹3,474.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
