India's Closing Auction Splits Capital-market Stocks

Capital-market stocks have diverged sharply in the month since India introduced the Closing Auction Session, with Motilal Oswal Financial Services leading gains while others lagged. The new mechanism, which sets closing prices through a 10-minute auction, has altered trading dynamics for brokers and exchanges. Motilal Oswal rose as investors bet on higher volumes, while competitors such as ICICI Securities and Angel One saw more muted moves. Analysts say the split reflects differing business models and exposure to retail trading.