SEBI to partly reverse derivative settlement rules after pushback, sources say

SEBI told it had received 20,000 suggestions to tweak the rules in response to a consultation paper issued last monthIndia’s markets regulator is likely to stop using closing auctions ⁠to calculate derivatives settlement prices for at least a year, two sources with direct knowledge of the matter said, in a partial reversal of new mechanisms it has introduced for setting the ‌closing prices of key stocks and derivative contracts.