Indian bank stocks show widest exchange price gap in decades

Indian bank stocks saw unusually wide price gaps between the NSE and BSE during Thursday’s closing auction, with IndusInd Bank recording its widest exchange price difference in more than two decades. The divergence has intensified scrutiny of the new auction system amid thin…

Shares of some Indian banks closed at sharply different prices on the country’s two largest exchanges on Thursday, the latest sign of dislocation under the new closing auction system.