India beats a hasty retreat from a crucial market reform
India’s market-closing auction reform, designed by Sebi to curb price manipulation, has faced volatility and investor backlash within weeks.
The regulator may weaken or abandon it, exposing deeper problems: high securities taxes, inadequate arbitrage, shallow liquidity and restrictions on short selling.
Poor coordination between fiscal and regulatory policies ultimately undermined reform efforts.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
