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KL Rahul goes unsold in Maharaja Trophy auction: Here's why

Tobacco farmers seek government intervention amid falling prices

Currently, procurement prices range between ₹190 and ₹260 per kilogram at major auction centres in Nellore and Prakasam districts due to the sluggish international demand and over supply

Fishing rights in four tanks in Cuddalore to be auctioned on June 5

Tirumala Sees Surge In Hair Offerings, 1.24 Million Devotees Shave Heads

The hair collected from devotees is carefully sorted, graded and auctioned.

Extra Time! NSE extends F&O trading by 10 minutes. What changes for traders?

The National Stock Exchange (NSE) has announced a significant change to trading hours in the equity derivatives segment with the introduction of the Closing Auction Session (CAS) framework.Starting August 3, 2026, the normal market closing time for equity derivatives will be extended by 10 minutes to 3:40 pm from the current 3:30 pm. While the extension is noteworthy, the bigger change lies in how closing prices for eligible securities will be determined.The move aims to ensure a smoother transition between the cash and derivatives markets at the end of the trading day while maintaining consistency in the pricing framework across segments.What is the closing auction session?The CAS is a structured trading window held at the end of the trading day. During this period, market participants place buy and sell orders to determine a single closing price for a security through an auction-based mechanism.Unlike the current system where prices evolve through normal trading until market close, the auction process discovers a fair closing price based on orders entered during the designated session.According to the exchange, CAS will initially apply only to securities in the cash segment that have derivative contracts available. The framework will roll out in phases, and any future expansion will be subject to SEBI guidance and separate operational instructions from the exchange.Why are derivatives trading hours being extended?Although CAS applies only to the equity segment, NSE decided to extend trading hours in the derivatives segment to ensure both markets remain aligned during the closing process.The exchange also clarified that the price bands and pre-trade risk control measures introduced as part of CAS in the cash market will be mirrored in the derivatives segment. This is intended to maintain consistency between the two segments during the closing phase of trading.How will the closing auction session work?The CAS will run for 20 minutes, from 3:15 pm to 3:35 pm. The process will begin with a transition phase between 3:15 pm and 3:20 pm, during which the reference price will be calculated using the volume-weighted average price (VWAP) of trades executed between 3:00 pm and 3:15 pm.Between 3:20 pm and 3:25 pm, participants will be able to enter both market and limit orders. From 3:25 pm to 3:30 pm, only limit orders will be permitted. During this period, market orders cannot be modified or cancelled.The order entry session will close randomly at any point between 3:28 pm and 3:30 pm, after which the auction process will determine the final closing price.How will closing prices be calculated?One key point highlighted by NSE is that there will be no change in the methodology used to calculate closing prices of derivative contracts. The volume-weighted average price (VWAP) used for derivatives closing price calculation will continue to be based on trades executed during the final 30 minutes of trading. However, because market hours are being extended, that 30-minute window will now shift to 3:10 pm-3:40 pm instead of the current 3:00 pm-3:30 pm.For securities eligible for CAS, the closing price in the cash segment will be determined through the auction process.Ashish Nanda, President and Digital Business Head at Kotak Securities summed up the shift by noting that the market is moving from a "continuous trading close" to an "auction discovered close".Under the current framework, closing prices are derived from the VWAP of trades executed between 3:00 pm and 3:30 pm. Under the new framework, closing prices for F&O-eligible stocks will effectively be linked to a 20-minute auction process running from 3:15 pm to 3:35 pm.What happens if a stock is removed from F&O?NSE clarified that eligibility for CAS is linked to the presence of derivatives on the stock. If a security is excluded from the equity derivatives segment on both exchanges, it will no longer be eligible for the CAS.In such cases, the closing price will revert to the existing methodology and be determined using the VWAP of trades executed during the last 30 minutes of trading. However, if the security continues to be part of the derivatives segment on at least one exchange, it will remain eligible for CAS.What happens to pending orders?The exchange outlined operational changes relating to order management. All unexecuted special orders, including stop-loss orders and disclosed quantity orders, will be cancelled. Pending orders that fall outside the revised price band will also be cancelled automatically, and members will receive appropriate cancellation notifications.Why does this matter for traders?For many market participants, the biggest implication is that the final closing price may no longer mirror the last traded price visible on trading screens at 3:30 pm.According to Ashish Nanda, this could require adjustments to trading strategies, particularly for option writers and arbitrageurs who rely heavily on closing prices for valuation, settlement and hedging decisions.While the derivatives market will remain open until 3:40 pm, the broader shift is not simply about extending trading by 10 minutes. It marks a change in how closing prices for eligible securities are discovered, with the exchange moving toward an auction-based mechanism designed to determine a single closing price at the end of the trading day.What happens to existing market timings?Apart from the revised closing time, most trading schedules remain unchanged. The pre-open session in the derivatives segment will continue to begin at 9:00 am and the normal trading session will continue to start at 9:15 am. Similarly, the trade modification window will remain unchanged and continue until 4:15 pm.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Rajat Patidar: The injury replacement turned captain who changed the fate of RCB

Soft-spoken away from the spotlight and measured in his demeanour, Rajat Patidar never fit the image of a franchise-defining superstar. Yet the injury replacement who once went unsold at auction became the captain who delivered RCB's maiden IPL title. Now, after another evolution in his leadership and batting, Patidar stands one victory away from achieving what only Rohit Sharma and MS Dhoni have managed.

Sue Tilley Met Lucian Freud In 1990s. Her Nude Painting Could Now Fetch $47 Million

Sue Tilley hasn't seen any of the millions that the portraits have fetched at auction.

NSE extends equity F&O segment timings till 3:40 pm from August

The National Stock Exchange (NSE) has extended trading hours for the equity derivatives segment by 10 minutes, with the normal market closing time revised to 3:40 pm from the current 3:30 pm. The change will come into effect from August 3, 2026.According to an NSE circular, the pre-open session timings in the derivatives segment will remain unchanged, with trading beginning at 9:00 am and the pre-open session ending at 9:08 am through a system-driven random closure in the final minute. The normal market session will continue to open at 9:15 am.The trade modification window will also remain unchanged and will continue until 4:15 pm.There will be no change in the methodology used for computing closing prices of derivative contracts. NSE said the volume-weighted average price used for close price calculation will continue to be based on trades executed during the last half hour of trading, which will now be from 3:10 pm to 3:40 pm.The exchange added that the functional changes arising from the implementation will be made available for testing during mock trading sessions. A separate circular detailing the mock sessions will be issued later.The exchange will also broadcast a message on NEAT trading terminals at the start of the Closing Auction Session in the equity segment when the operating price range for stock futures is reset. As part of the process, outstanding orders lying outside the revised price range will be cancelled by the exchange in accordance with existing rules.

The Rs 7 cr bargain vs the Rs 25 cr gamble: How Holder outshone IPL 2026's biggest buys

IPL auctions are often won on perception in December, but the real story usually emerges months later. While franchises splashed massive sums on Cameron Green, Matheesha Pathirana and Liam Livingstone, the smartest buys of IPL 2026 quietly came from the Rs 7-9 crore bracket. Jason Holder topped the charts by a distance, Josh Inglis maximised limited opportunities, and Ravi Bishnoi delivered steady returns. Meanwhile, several marquee signings struggled with injuries, poor form and role mismatches, turning auction-night hype into underwhelming seasons.

Rs 30 crore for Vaibhav Sooryavanshi in IPL Auction? Batting legend's record-breaking bid

Fifteen-year-old Vaibhav Sooryavanshi's explosive 97 off 29 balls, including a record-breaking 12 sixes, propelled Rajasthan Royals to a crucial IPL win. His remarkable performance and maturity have drawn comparisons to legends, with experts valuing him at Rs 30 crore. Sooryavanshi leads the tournament in runs and strike rate.

TGIIC’s Mega Raidurg E-Auction Creates History, Fetches Record Rs 237 Crore Per Acre

According to TGIIC, the final bid price represents a massive 70.5 per cent increase over the reserve price of Rs 139 crore per acre

Telangana Housing Board earns ₹140 crore from e-auction of land parcels in Future City

What happens when you stop paying your home loan EMIs? Here's what the bank can do

Missing home loan EMIs triggers a legal process, potentially leading to property auction. After 90 days of non-payment, your loan becomes an NPA. Lenders then issue a 60-day demand notice under SARFAESI Act. Failure to pay allows banks to take possession and auction the property, but borrowers can settle dues anytime before sale completion.

Tobacco farmers stage protest at auction centre in Ongole

Price mismatch may impede India’s battery storage projects: report

Tariffs discovered in 2025 auctions increasingly don’t appear to be economically viable, says the report

At Rs 10,000 crore, Anil Ambani's Reliance Capital recovery may be only 43%

Lenders to Anil Ambani-promoted Reliance Capital are likely to recover just about ₹10,000 crore after the winning bidder, Hinduja Group, declined to significantly improve its offer in the last round of bilateral negotiations that ended on Monday evening, people aware of the development told ET. The recovery, totalling about ₹10,090 crore on factoring in the target company's cash balances and the Hinduja offer, falls short of the ₹12,500-13,000 crore estimated liquidation value. A Hinduja Group entity, IndusInd International Holdings, offered ₹9,650 crore in the extended auction held on April 26. Hinduja improved the offer by only ₹10 crore during the bilateral negotiations, the people cited above said. In addition, the distressed financial services company has around Rs 430 crore as cash balances, which would be distributed among the lenders. This would add up to Rs 10,090 crore, equating to a 43% recovery for verified lenders.Administrator Nageswara Rao Y has admitted Rs 23,666 crore in claims from verified creditors."Hinduja Group will submit a detailed resolution plan by next week while lenders are in the process of finalising distribution of the proceeds," one of the persons cited above said. After this, the administrator will invite lenders to vote on the eligible plans.However, resolution of Reliance Capital will be subject to approval from the Supreme Court, which is scheduled to hear in August the auction-related dispute between Torrent Investments, a bidder also in the fray in the earlier rounds. 100459497Crucial LIC, EPFO RolesThe stand by LIC, the Employees' Provident Fund Organisation (EPFO) and JC Flowers Asset Reconstruction Co on approving the plan will be critical since they are majority debtholders. Yes Bank, an original Reliance Capital lender, sold its debt to JC Flowers ARC. A resolution plan can be approved only if 66% of creditors vote in its favour.Separately, Credit Suisse-led bondholders have decided not to contest a decision by the National Company Law Tribunal (NCLT), which directed them to return the custody of Reliance General Insurance shares to the administrator, said the people cited above.This has come as a major relief to the lenders that were worried the resolution might be delayed if Credit Suisse-led bondholders appealed against the tribunal's order.In 2018, Credit Suisse-led investors invested in bonds issued by Reliance Home Finance, a Reliance Capital unit. The home finance company failed to honour the payment on the due date.