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uday tardalkar
Uday Tardalkar

Uday Tardalkar

Uday Tardalkar is an accomplished professional with 41 years of distinguished experience in capital markets. Expertise in Strategic Leadership, Operations, Risk Management, Compliance, and Investor Protection across intermediaries including Equity &a...

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CAS pools all eligible buy and sell orders together and matches them at a single equilibrium price

Why India’s new closing auction is a reform worth backing

by Uday Tardalkar |Sep 2, 2026

A month after replacing the 30-minute VWAP close for F&O stocks, CAS has passed its first major test, handling record institutional flows on the MSCI rebalancing day and signalling that India’s shift ...

Since the Indian securities market ecosystem does not currently support execution at a single closing price, there was feedback that there is scope for index tracking differences amongst passive funds.

Closing auction session: Key features, how it may address higher end-of-day volatility

by Uday Tardalkar |Aug 3, 2026

Sebi received feedback from global passive funds that trade Indian Equities typically experienced significantly higher end of day price volatility than investors trading most other markets.