The Securities and Exchange Board of India has confirmed that no manipulation exists within the newly established closing auction system. This session, which establishes closing stock prices, strives to meet international norms. Since its inception, participation in the closing auction has progressively increased. The regulator is actively considering feedback to amplify market participation. This reform is essential in reducing tracking discrepancies for passive investment funds.
SIP additions at a six-month high amid rising churn
In August, the number of new accounts for systematic investment plans (SIPs) soared to a six-month peak, marking significant activity. Nevertheless, the year-on-year growth showcased