SEBI has implemented revised rules for exchange-traded funds (ETFs), moving the calculation of the daily base price from a two-day valuation model to the previous day's closing price. Instead of generic limits, the regulator is introducing category-specific price bands. These will feature stricter initial caps to curb sudden volatility, while still offering room for adjustment as market conditions evolve. Additionally, a pre-open auction mechanism is now being applied to gold and silver ETFs.

by shortkt.com✓

4 hours ago