Price uncertainty
The concern over price discovery in the auction session has remained consistent since its debut. On 26 August, the Nifty slumped 271.4 points within 30 seconds after the auction order session opened at 3:20pm. The index fell to 24,005.5 from its reference rate of 24,276.9 released at 3:15pm. It later recovered to close at 24,207.75, 0.28% below the reference rate by 3:30pm.
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