@CNBCTV18News@ananthng@_prashantnair If the closing price is found to have been distorted, can the auction be unwound or affected traders be compensated? As far as I know, the answer is no. If that's correct, it points to a serious gap in the current market framework.(2/2)
@CNBCTV18News@ananthng@_prashantnair The issue isn't whether SEBI can see the entire order book or not. The real question is: if the Closing Auction Session (CAS) is manipulated by large market participants, like many believe happened on 3rd Aug, does SEBI have any mechanism to correct the auction outcome? (1/2)
@CNBCTV18News@ananthng@_prashantnair Good luck to SEBI and exchanges to stop manipulation in CAS window.
We are confident after two years they will impose 10% penalty to XYZ firm after they have looted thousands of crore.
@syst_trader@NSEIndia@SEBI_India I think they should settle expiring contracts based on the vwap based reference price available at 3.15. Then this confusion will end.
@BandiShreyas At the end of the 19th over, two random guys from each team will walk onto the pitch and do Zumla dance. The winner will be decided based on zumla dance performance.
@SriniVega@NSEIndia@SEBI_India Yes Sir, there is safeguard of 3% from reference price. SEBI has put a lot of effort formulating this rule. We should feel lucky and safe.
@iRadhikaGupta Perhaps the disclaimer in Mutual Funds Sahi Hai ads could be slightly larger than microscopic and delivered at a pace slower than an auctioneer on fast-forward
@PRAFULKULKARN18 Most of these people celebrating higher STT come from the mutual fund industry and their happiness has less to do with saving retail investors and more to do with boosting their own commissions. These are vultures.