Manipulation of new stock closing price mechanism & Sebi action: An explainer

Sebi alleges market manipulation in the new closing auction session mechanism. Aggressive orders in Sensex constituents influenced the index’s closing level. Copthall Mauritius Investment and Mansi Share and Stock Broking face allegations of wrongful gains. The regulator has impounded Rs 3.68 crore and restricted market access. This marks Sebi’s first enforcement action under the new closing auction framework.

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