Zerodha's Nithin Kamath explains CAS, flags market limitations, rollout timing

Zerodha co-founder Nithin Kamath said the sharp swings under the new Closing Auction Session (CAS) reflect structural weaknesses in Indian markets rather than flaws in the mechanism itself. The new 20-minute auction, replacing the earlier VWAP-based close, has caused…

Kamath said there might be tweaks required in how CAS itself works, but the larger issue of Indian markets being shallow is a complicated problem to solve.