SEBI Forced CAS Through. Not Everyone Is Happy.

SEBI replaced India's 30-year-old VWAP closing price system with a 15-minute Closing Auction Session on August 3, 2026, and the stock market felt it immediately. This episode breaks down how CAS works, why the old system was open to manipulation, and what drove Grasim, Axis Bank, and Tata Steel to settle over 1% above their pre-auction prices. The Indian stock market is now structurally closer to global peers like the NYSE and LSE. Get the full market picture here.