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Informist, Tuesday, Sept. 29, 2026

 

--NSE closing auction turnover surges to INR 244.97 bln Tue amid Nifty rejig

 

MUMBAI – The closing auction session turnover in the cash market of National Stock Exchange of India Ltd. surged to about INR 245 billion on Tuesday on account of passive funds reshuffling their portfolios to align with changes in the composition and weightages of Nifty indices which took effect at close. Tuesday was also the expiry day for monthly equity derivatives contracts on the exchange.

 

Tuesday's closing auction session turnover on the NSE was the second-highest since its launch on Aug. 3, the highest being INR 397.18 billion on Aug. 31 when international passive funds had realigned their portfolios, which included Indian stocks, on the back of pre-announced changes in MSCI indices. Excluding the two-three days involving MSCI indices rejig and Tuesday's Nifty indices rejig, the average daily turnover in the 10-minute closing auction session on the NSE has been around INR 13 billion since its launch.

 

On the BSE, the closing auction session turnover was only INR 391 million. NSE has a 96-99% market share as far as trading in closing auction session is concerned.

 

The NSE Indices Ltd. had on Aug. 10 announced changes to the composition of Nifty 50, Nifty Next 50, and 17 other broad-based Nifty indices, which took effect at close of trading Tuesday. The index company, a subsidiary of NSE, removed Wipro Ltd. from the Nifty 50 and replaced it with BSE Ltd. Wipro got moved to the Nifty Next 50 index, where NSE Indices effected five exclusions and five inclusions. Together, stocks in the Nifty 50 and Nifty Next 50 indices make up the Nifty 100 index.

 

In Tuesday's closing auction session on NSE, the highest turnover was in the shares of BSE at INR 62.47 billion, followed by Wipro at INR 20.41 billion, Reliance Industries Ltd. at INR 9.32 billion, Indian Hotels Co. Ltd. at INR 7.98 billion, and HDFC Bank Ltd. at INR 6.88 billion. The final equilibrium price of BSE from the closing auction session was INR 3,200, up 1.63% from the reference price of INR 3,145.20 at the end of the continuous trading session at 1515 IST. It was also 3.3% higher than Monday's closing price.

 

On the other hand, the final equilibrium price of Wipro, which exited the Nifty 50 index, was INR 156.79 on the NSE, down 0.35% from the pre-auction reference price, and 3% from Monday's closing price. Reliance Industries had the third-largest turnover in the closing auction session since its weight in Nifty 50 declined from the changes. The stock had a final equilibrium price of INR 1,182 from the closing auction, down 0.49% from the pre-auction reference price, and 1.3% from Monday's closing price.

 

The closing auction session turnover of Indian Hotels was the fourth-largest. The company was among the five exclusions from the Nifty Next 50 index. Despite the exclusion, the final equilibrium price of the stock at INR 714.35 was 0.15% higher than the pre-auction reference price and 0.5?ove the closing price on Monday.

 

HDFC Bank recorded the fifth-largest turnover in the closing auction session due to the effect of the changes in its weight across the Nifty indices. The bank stock's final equilibrium price from the closing auction session was INR 722.70, up 1.2% from the pre-auction reference price and 0.5% from Monday's closing price.

 

In the continuous trading session till 1515 IST, the traded turnover in Nifty 50 stocks was INR 281.94 billion on the NSE, as per data on the exchange's website. At the end of the closing auction session, the total turnover in Nifty 50 stocks for the day was INR 392.64 billion, indicating the closing auction turnover in Nifty 50 stocks was INR 110.70 billion, or 45% of the total turnover in the session.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Rajesh Gajra

Edited by Avishek Dutta

 

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