The auctions were introduced to stop market manipulation at the close. When the closing price was based on the last trade price at 4:30 it was fairly easy to manipulate the closing price - this might be done if you had an option position depending on the closing price etc. As it is now a VWAP in the last five minutes you would need to trade large size to manipulate the closing price. Anyone can trade in the auction if their trading platform supports it.
And with the new gov in place, I suspect foreign investment will be chucked money
I suspect the elections have slowed things a little but this is proof Greka has what India needs
Looks like some good news on india, but September seams a long time for the rigs to be idle
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