Nifty closing delayed as India launches new auction mechanism


Aug 3 (Reuters) – India’s Nifty 50 was up ‌1.6% at 24,774.30 ‌as of 3:30 p.m. IST ​on Monday, with the index level still not updated as of ‌3:56 p.m. ⁠IST.

The BSE Sensex closed 0.7% higher ⁠at 78,639.03.

The divergence between the benchmarks followed ​India’s rollout ​of ​the Closed Auction ‌Session, an auction-based mechanism introduced by the market regulator to determine official closing prices for ‌eligible futures and ​options stocks.

The ​NSE ​did not immediately ‌respond to an ​email ​seeking comment on the discrepancy.

(Reporting by Bharath Rajeswaran ​and ‌Vivek Kumar M ​in Bengaluru; Editing by ​Nivedita Bhattacharjee)



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