To @FinMinIndia@PMOIndia
SEBI is potentially in breach of its statutory duty under Section 11 of the SEBI Act, 1992, by permitting Closing Auction Session (CAS) in which inadequate liquidity can produce disproportionate movements in the official closing price, thereby compromising orderly price discovery, market integrity and investor protection.
🚨 SPREAD THIS EVERYWHERE 🚨
Logic needs to be countered with logic.
They can't give vague answers like "With time it will improve"
No. It won't.
Coz the issue is structural.
We can't simply copy something without assesing suitability to our markets.
1.Reduction of 0DTEs
2.Utterly stupid ELM
3.Choking of prop trading
4.Increasing STT, which itself is a redundant tax
Now this horrendous CAS.
SEBI seems to have lost it.
#rollbackCAS
Why are brokers so silent on CAS (Closing Auction Session)?
@Nithin0dha@lkeshre@tejaskhoday
Today, traders are raising concerns. Tomorrow, when trading volumes dry up, brokers will also feel the impact.
A healthy market survives on participation, liquidity, and trader confidence—not uncertainty.
If this rule hurts retail participation, everyone in the ecosystem will eventually pay the price.
It's time for brokers to stand with traders and raise their voice. Silence today could become regret tomorrow.
#RollbackCAS #SaveIndianMarkets
The exchanges, brokers and traders are eventually all going to live with the consequences of CAS.
We're all on the same side here, so directing our anger at NSE and BSE isn't the right target.
Exchanges execute regulatory decisions. If we want accountability, it should be directed at the regulators and policymakers responsible for those decisions, not the institutions tasked with implementing them.
#RollbackCAS
Day 1, Nifty closed 1.6% up against Sensex at 0.7%. Strategists called the closing spurt an aberration of the new session.
Day 2, today, was expiry. The tweet below shows how it looked like from a retail screen. I don't read it as manipulation, but the underlying problem is real.
From 3:15 the index is frozen, options trade till 3:40, and settlement comes from the auction close.
The indicative index is computed but lives on the exchange website, not in the feed reaching his terminal.
Are we to shoot in the dark?
@NSEIndia and @SEBI_India My loss today is because of your CAS. I have recorded this entire video as evidence.
Reach out to me in 48 hours and compensate me of this loss. Otherwise, I will force to take legal steps
@zerodha@adigitalblogger
What the hell is happening to the Indian stock market?
Dear @SEBI_India & @NSEIndia@BSEIndia
How many times do you expect traders to rebuild their entire business?
> December 2020 – 50% leverage removed
> March 2021 – 75% leverage removed
>September 2021 – 100% leverage removed
We adapted.
Yes, leverage is a double-edged sword. But thousands of genuine traders with smaller capital were affected. Still, we adapted.
> September 2023 – Bank Nifty expiry was shifted from Thursday to Wednesday, while BSE launched Sensex weekly expiry on Friday. Suddenly, we had expiries almost every trading day.
Many traders, especially algo and 0-DTE traders, redesigned their entire systems.
We adapted.
> November 2024 – Weekly expiries of FinNifty, Bank Nifty and other indices were removed. Only Nifty and Sensex weekly expiries remained.
Again, thousands of traders had to change their strategies.
We adapted.
> February 2025 – Expiry-day margin benefit was removed.
STBT traders were hit badly.
We adapted.
> 1st September 2025 – Nifty expiry shifted from Thursday to Tuesday.
Again...
We adapted.
> Jane Street reportedly made billions of dollars from Indian markets over the years. Later, regulatory action was taken, and subsequently trading restrictions were lifted after payment of regulatory dues/settlement.
How exactly did all of this benefit Indian retailers?
Meanwhile...
- Option STT has increased massively over the last few years.
- Bid-ask spreads have widened.
- Slippage has increased.
- Global volatility has increased.
- Transaction costs keep rising.
We adapted to everything.
And now...
Closing Auction Session (CAS).
Seriously?
Every few months there's another structural change.
Every few months traders are forced to rebuild their systems.
Every few months liquidity takes another hit.
You say these changes are for retail investor protection.
Then please show us the data.
Can you show even one report proving that retail trading losses have actually reduced because of all these interventions?
If not, then what exactly are these constant changes achieving?
Instead of making markets more efficient, you're making trading more expensive, more complicated, and pushing serious traders towards crypto and international markets.
As a full-time trader, my inner soul genuinely cries today seeing the direction our markets are heading.
We survived leverage removal.
We survived daily expiries.
We survived removal of daily expiries.
We survived expiry changes.
We survived removal of expiry margin benefits.
We survived higher STT.
We survived wider spreads and slippage.
Now we are expected to survive CAS as well?
Enough is enough.
I request SEBI and the exchanges to reconsider this rule.
Before implementing such major structural changes, consult the trading community. There should be proper communication, public discussion, and representation from active traders.
I also request every trader to raise their voice through the proper channels. If you genuinely believe these changes are hurting market participants, please send your feedback or complaint to SEBI through its official grievance mechanism. And if anyone from the industry has a direct channel to the exchanges or regulators, please help convey the concerns of the trading community.
Please Retweet this so our voice reaches the right people.
Enough of silent adaptation. It's time the trading community is heard.
@AnilSinghvi_@_anujsinghal@SarangSood@PRAFULKULKARN18@adigitalblogger@iarjuntandon@JayneshKasliwal@sunilgurjar01@piyushchaudhry@SantoshPasi@RakeshPujara1@TanmayKurtkoti@justnottamomma@AshishGupta325
@KirtanShahCFP I'm not supporting any political here, you seeing this protest is not just from exams --its all about frustration how the government is handling things -- roads to healthcare to proper cleaning to exam .This is just more than an exam , youth are frustrated due to bad bureaucracy
@KirtanShahCFP Oh man you dnt have reality check, please check the past exam continuously leaking
You just speaking junk from your mouth only on this behalf this exam, you dont have idea how many exams were leaked , continue postpone, there is no robust system of conducting exams in India
Guys,It's now or never!
We can't imagine the fate of markets once weeklies go away 😨
I & my trader friends have written mails to SEBI & FinMin.
Please write mails voicing ur concerns & post SS on X with hashtag #saveweeklyexpiry
Dekhte hai kitna unity h hum traders mein 💪