Categories: Business

NSE’s closing auction sees Rs 39,718 crore rush on first index rebalancing day

The National Stock Exchange faced an exciting challenge on Monday as its closing auction mechanism tested its mettle. Investors were actively reshaping their portfolios ahead of index changes, leading to impressive trading volumes. Now celebrating its first month, the mechanism has confirmed its role in enhancing transparency and fairness in the closing price process, proving invaluable for passive investors.

The News Vista

Leave a Comment
Share
Published by
The News Vista
2 hours ago

Recent Posts

‘Where are the jobs?’ Congress challenges PM Modi after 7.8% Q1 GDP growth data

India's economy grew by 7.8 percent in the April-June quarter. Congress questioned the growth's impact…

45 minutes ago

Major shake-up in Pakistan cricket: Seven players, coaches Sarfaraz, Gul released

Following a string of losses, the Pakistan Cricket Board has made significant changes by releasing…

59 minutes ago

Scientists find eggshells make clay bricks reduce energy consumption by blocking heat

Researchers in Egypt tested fired clay bricks made with eggshell waste. Adding ten percent eggshell…

1 hour ago

Vance says Trump’s dramatic Kharg Island post was meant as a signal to Iran

US Vice President JD Vance stated Donald Trump's social media post conveyed a message to…

1 hour ago

Gold pledged for loan stolen in bank robbery: How borrower won case for full value

So, what happens if gold jewellery pledged against a gold loan is stolen from the…

1 hour ago

Social activist Anna Hazare admitted to hospital in Mumbai

2 hours ago