Distortions are inevitable: Nithin Kamath explains why new closing auction is causing wild moves in Indian stocks

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• Economic TimesLean R·1h ago

  Distortions are inevitable: Nithin Kamath explains why new closing auction is causing wild moves in Indian stocks

  Zerodha co-founder Nithin Kamath said the sharp swings under the new Closing Auction Session (CAS) reflect structural weaknesses in Indian markets rather than flaws in the mechanism itself. The new 20-minute auction, replacing the earlier VWAP-based close, has caused unpredictable late-day moves and losses for options traders and algo desks, fuelling calls for changes or a rollback.

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