Indian regulator rewrites closing price methodology for derivatives

Mumbai-based Securities and Exchange Board of India (Sebi) has changed the methodology for the computation of the closing price for stocks. The settlement price will be the closing price of the underlying index on the day of expiry Among the amendments, the settlement price will be the closing price of the underlying index on the day of expiry. The closing price of the underlying index will be based on the closing price of the constituents of the underlying index. Further, the regulator ha