# Former SEBI Member Seeks Tweaks to New Closing Auction

2026-08-07T10:40:15+00:00 | Governance | Indian Opinion Desk

Corroboration: 1 independent outlet

Former SEBI member Anant Narayan has called for changes to the new closing auction mechanism, saying price dislocations deserve closer attention. He said low auction volumes were not the main concern. According to NDTV Profit, Narayan flagged instances where auction prices moved away from the 3:15 p.m. level. He also pointed to signals from the derivatives market. The comments focus on whether the mechanism produces reliable closing prices, rather than simply on how much trading takes place in the auction.

## Coverage

- ndtvprofit.com <https://www.ndtvprofit.com/markets/new-closing-auction-needs-tweaks-as-price-dislocations-emerge-says-former-sebi-member-anant-narayan-11878911>

Tags: closing auction, derivatives, SEBI, stock market
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