Indian bank stocks see sharp NSE-BSE closing price gaps under new auction system
Indian bank stocks experienced significant price discrepancies between the National Stock Exchange and the Bombay Stock Exchange on Thursday, with IndusInd Bank closing at ₹1,002.9 on the NSE and ₹970 on the BSE, a gap of nearly ₹33. This divergence has raised concerns about the new auction system's reliability and potential for misuse, prompting regulatory scrutiny.