Indian stocks could see a volatile session towards the end of August 31’s session as global funds rebalance portfolios ahead of MSCI’s latest index changes, putting the newly-introduced Closing Auction Session (CAS) to its first major test.
Indian Markets Set For Volatile Session As MSCI Rejig Tests New Closing Auction
MSCI-linked flows could trigger sharp moves at the close as India’s new auction system faces its first major test.
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MSCI’s changes will take effect from September 1. Index-tracking funds typically adjust their portfolios a day before the changes become effective, which could concentrate buying and selling in the final minutes of Monday’s trade.
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