SEBI ne derivatives expiry ke settle karne ka tareeka badal diya hai. Ab **30-minute VWAP** use hoga taaki closing time par hone wali volatility kam ho sake. Iska asar brokers aur market participants par padega.
Naya system kya hai?
SEBI ne Closing Auction Session ke liye naya framework nikal diya hai. Ab se derivatives contracts ki settlement 30-minute Volume-Weighted Average Price (VWAP) ke basis par hogi. Yeh change 7 December 2026 se effect mein aayega, jiska main maqsad market close hote waqt jo price mein swings aate hain, unhe control karna hai.
Trading mechanics mein kya badlav hain?
Purane system mein closing ke waqt sharp price spikes aate the, jo traders ko pareshaan karte the. Naye rule ke hisaab se:
- Closing auction session ab 3:30 PM se 3:40 PM tak chalega.
- Derivatives contracts (stocks aur indices dono) 3:45 PM tak trade honge.
- Isse price discovery process zyada stable aur predictable banne ki ummeed hai.
Brokerage firms ke liye good news?
Analysts ka kehna hai ki yeh move brokerage firms ke liye positive ho sakta hai. Jab market mein volatility kam hogi aur trading process smooth rahega, toh zyada log market mein participate karenge. Isse trading volumes badhne ki possibility hai, jo brokers ki income ke liye achha sign hai.
Exchange operators aur Investors ka kya scene hai?
Exchanges ke liye impact thoda limited ho sakta hai kyunki trading turnover badhne ka matlab seedha earnings mein badhottari nahi hota. Investors ko ab bas yeh observe karna hai ki kya 7 December ke baad waqai price spikes kam hote hain aur kya market participation mein sudhaar aata hai. Strategy wahi rakhein jo long-term market stability ke hisaab se sahi ho.