# SEBI chief says closing auction here to stay, changes possible 2026-08-18T03:51:12+00:00 | Governance | Indian Opinion Desk Corroboration: 3 independent outlets Markets regulator SEBI has ruled out scrapping the newly introduced Closing Auction Session (CAS), which took effect on August 3. Chairman Tuhin Kanta Pandey said on Monday that the CAS is here to stay, but the regulator is open to making improvements based on feedback from brokers, traders and social media. Pandey spoke on the sidelines of a cybersecurity event at the National Institute of Securities Markets. According to Times Now, Pandey noted that some operational difficulties may ease as participants adapt to the new system, and that continued reliance on legacy processes could prevent them from taking full advantage of the framework. The Times of India reported that traders have complained of huge losses, especially in options trading, due to price swings between 3:15 pm when regular trading stops and 3:30 pm when the CAS price is announced. NDTV Profit reported, citing sources, that SEBI is planning to allow after-market orders during the 3:15-3:20 pm CAS window to improve participation and price discovery. The change could roll out around September 1. Pandey also said a committee is working on a revamped securities lending and borrowing mechanism, but declined to give a timeline. ## Indian Opinion Analysis The three sources are uniform in straight reporting, with no editorial slant. Times Now and Times of India both note trader complaints, while NDTV Profit focuses on a concrete next step the regulator may take, giving the story a forward-looking edge. The middle ground for a careful reader: SEBI is not retreating but is responding to operational concerns, and the September 1 timeline from NDTV Profit, if accurate, suggests a fix is imminent. Watch for an official SEBI circular on after-market orders. ## Coverage Coverage: 3 sources, 3 neutral - timesnownews.com (neutral report) Leads with Pandey's statement, includes criticism but frames resistance as adaptation issue. - timesofindia.indiatimes.com (neutral report) Leads with Pandey's openness to changes, reports trader complaints about losses. - ndtvprofit.com (neutral report) Leads with a sourced plan to allow after-market orders, no mention of pushback. This story was synthesised by AI from the 3 sources linked above. Updated: this story now draws on 3 sources. Last updated 2026-08-19T11:17:43+00:00. Tags: National Institute of Securities Markets, SEBI, Tuhin Kanta Pandey Canonical: https://indianopinion.org/sebi-chair-says-closing-auction-session-here-to-stay-may-tweak/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/sebi-chair-says-closing-auction-session-here-to-stay-may-tweak/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/