{"id":52472,"date":"2026-07-14T17:39:54","date_gmt":"2026-07-14T12:09:54","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=52472"},"modified":"2026-07-14T17:39:54","modified_gmt":"2026-07-14T12:09:54","slug":"closing-auction-session-explained-market-timing-rms-changes","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/closing-auction-session-explained-market-timing-rms-changes\/","title":{"rendered":"Closing Auction Session Explained: Market Timing &#038; RMS Changes"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"52472\" class=\"elementor elementor-52472\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-62bbbd0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"62bbbd0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0969f93\" data-id=\"0969f93\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-305d067 elementor-widget elementor-widget-text-editor\" data-id=\"305d067\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n    <meta charset=\"UTF-8\">\n    <meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\">\n    <title>Closing Auction Session Explained<\/title>\n<\/head>\n<body style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Helvetica, Arial, sans-serif; color: #000000; line-height: 1.65; background-color: #f8fafc; margin: 0; padding: 40px 20px; text-align:justify;\">\n\n    <div >\n        \n    \n        \n        <p style=\"text-align:center;\">Effective from August 3, 2026<\/p>\n\n        <!-- Introduction Section -->\n        <h2 style=\"font-size: 1.5rem; color: #000000; margin-top: 32px; margin-bottom: 16px; font-weight: 600; padding-bottom: 6px; border-bottom: 1px solid #bae6fd;\">\n            Introduction\n        <\/h2>\n        <p style=\"margin-bottom: 16px; color: #000000;\">\n            The Indian stock market is undergoing one of its biggest changes in recent years with the introduction of the Closing Auction Session (CAS) for equity markets.\n        <\/p>\n        <p style=\"margin-bottom: 16px; color: #000000;\">\n            The new framework changes how the closing price of eligible stocks is determined, extends the F&#038;O market by 10 minutes, and introduces new trading timelines.\n        <\/p>\n        <p style=\"margin-bottom: 24px; color: #000000;\">\n            At Flattrade, we&#8217;ve updated our RMS and square-off timings to align with these changes.\n        <\/p>\n\n        <!-- What is CAS -->\n        <h2 style=\"font-size: 1.5rem; color: #000000; margin-top: 32px; margin-bottom: 16px; font-weight: 600; padding-bottom: 6px; border-bottom: 1px solid #bae6fd;\">\n            What is the Closing Auction Session (CAS)?\n        <\/h2>\n        <p style=\"margin-bottom: 16px; color: #000000;\">\n            The Closing Auction Session (CAS) is a dedicated auction conducted at the end of the trading day to determine the official closing price of eligible stocks.\n        <\/p>\n        <p style=\"margin-bottom: 16px; color: #000000;\">\n            Instead of using the VWAP of the last 30 minutes, the closing price is discovered through an equilibrium auction.\n        <\/p>\n        <p style=\"margin-bottom: 24px; color: #000000;\">\n            Initially this applies only to F&#038;O stocks; other stocks continue with the existing VWAP methodology.\n        <\/p>\n\n        <!-- Why SEBI introduced CAS -->\n        <h2 style=\"font-size: 1.5rem; color: #000000; margin-top: 32px; margin-bottom: 16px; font-weight: 600; padding-bottom: 6px; border-bottom: 1px solid #bae6fd;\">\n            Why did SEBI introduce Closing Auction Session?\n        <\/h2>\n        <p style=\"margin-bottom: 24px; color: #000000; background-color: #f0f9ff; padding: 16px; border-left: 4px solid #bae6fd; border-radius: 4px;\">\n            CAS improves price discovery, transparency, execution quality for institutional investors, derivative settlement, index calculation, mutual fund NAV accuracy and reduces tracking error.\n        <\/p>\n\n        <!-- Which Stocks are Covered -->\n        <h2 style=\"font-size: 1.5rem; color: #000000; margin-top: 32px; margin-bottom: 16px; font-weight: 600; padding-bottom: 6px; border-bottom: 1px solid #bae6fd;\">\n            Which Stocks are Covered?\n        <\/h2>\n        <table style=\"width: 100%; border-collapse: collapse; margin-bottom: 24px; font-size: 0.95rem; border: 1px solid #e2e8f0;\">\n            <thead>\n                <tr style=\"background-color: #bae6fd; color: #000000;\">\n                    <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">Stock Category<\/th>\n                    <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">Closing Price Method<\/th>\n                <\/tr>\n            <\/thead>\n            <tbody>\n                <tr style=\"background-color: #ffffff;\">\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">F&#038;O Stocks<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Closing Auction Session (CAS)<\/td>\n                <\/tr>\n                <tr style=\"background-color: #f8fafc;\">\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Non-F&#038;O Stocks<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Existing VWAP Method<\/td>\n                <\/tr>\n            <\/tbody>\n        <\/table>\n\n        <!-- New Closing Auction Timeline -->\n        <h2 style=\"font-size: 1.5rem; color: #000000; margin-top: 32px; margin-bottom: 16px; font-weight: 600; padding-bottom: 6px; border-bottom: 1px solid #bae6fd;\">\n            New Closing Auction Timeline\n        <\/h2>\n        <div style=\"overflow-x: auto;\">\n            <table style=\"width: 100%; border-collapse: collapse; margin-bottom: 24px; font-size: 0.95rem; min-width: 500px; border: 1px solid #e2e8f0;\">\n                <thead>\n                    <tr style=\"background-color: #bae6fd; color: #000000;\">\n                        <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">Session<\/th>\n                        <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">Time<\/th>\n                        <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">Activity<\/th>\n                    <\/tr>\n                <\/thead>\n                <tbody>\n                    <tr style=\"background-color: #ffffff;\">\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Regular Equity Trading<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; white-space: nowrap; color: #000000;\">9:15 AM \u2013 3:15 PM<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Normal trading<\/td>\n                    <\/tr>\n                    <tr style=\"background-color: #f8fafc;\">\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Transition<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; white-space: nowrap; color: #000000;\">3:15\u20133:20 PM<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Reference price calculation<\/td>\n                    <\/tr>\n                    <tr style=\"background-color: #ffffff;\">\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">CAS Order Entry<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; white-space: nowrap; color: #000000;\">3:20\u20133:25 PM<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Market &#038; Limit Orders<\/td>\n                    <\/tr>\n                    <tr style=\"background-color: #f8fafc;\">\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Final Order Entry<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; white-space: nowrap; color: #000000;\">3:25\u20133:30 PM<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Limit orders only; random close<\/td>\n                    <\/tr>\n                    <tr style=\"background-color: #ffffff;\">\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Order Matching<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; white-space: nowrap; color: #000000;\">3:30\u20133:35 PM<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Closing price discovery<\/td>\n                    <\/tr>\n                    <tr style=\"background-color: #f8fafc;\">\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Post Close<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; white-space: nowrap; color: #000000;\">3:50\u20134:00 PM<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Execution at closing price<\/td>\n                    <\/tr>\n                <\/tbody>\n            <\/table>\n        <\/div>\n\n        <!-- How is the Closing Price Calculated? -->\n        <h2 style=\"font-size: 1.5rem; color: #000000; margin-top: 32px; margin-bottom: 16px; font-weight: 600; padding-bottom: 6px; border-bottom: 1px solid #bae6fd;\">\n            How is the Closing Price Calculated?\n        <\/h2>\n        <p style=\"margin-bottom: 16px; color: #000000;\">\n            The closing price is determined using an Equilibrium Price Mechanism.\n        <\/p>\n        <p style=\"margin-bottom: 12px; font-weight: 600; color: #000000;\">\n            Simply put:\n        <\/p>\n        <ul style=\"margin-top: 0; margin-bottom: 16px; padding-left: 24px; color: #000000;\">\n            <li style=\"margin-bottom: 8px;\">All buy and sell orders are collected.<\/li>\n            <li style=\"margin-bottom: 8px;\">The system identifies the price where the maximum quantity can be matched.<\/li>\n            <li style=\"margin-bottom: 8px;\">If multiple prices satisfy this condition, additional rules are applied to select the final equilibrium price.<\/li>\n        <\/ul>\n        <p style=\"margin-bottom: 24px; color: #000000;\">\n            This method is considered more robust than using the last 30 minutes&#8217; VWAP.\n        <\/p>\n\n        <!-- Orders Allowed During CAS -->\n        <h2 style=\"font-size: 1.5rem; color: #000000; margin-top: 32px; margin-bottom: 16px; font-weight: 600; padding-bottom: 6px; border-bottom: 1px solid #bae6fd;\">\n            Orders Allowed During CAS\n        <\/h2>\n        \n        <div style=\"display: flex; flex-wrap: wrap; gap: 24px; margin-bottom: 20px;\">\n            <div style=\"flex: 1; min-width: 200px; background-color: #ffffff; padding: 16px; border-radius: 8px; border: 1px solid #bae6fd;\">\n                <h3 style=\"margin-top: 0; margin-bottom: 12px; color: #000000; font-size: 1.1rem; font-weight: 600;\">\n                    Allowed\n                <\/h3>\n                <ul style=\"margin: 0; padding-left: 20px; color: #000000;\">\n                    <li style=\"margin-bottom: 6px;\">Market Orders<\/li>\n                    <li style=\"margin-bottom: 0;\">Limit Orders<\/li>\n                <\/ul>\n            <\/div>\n            \n            <div style=\"flex: 1; min-width: 200px; background-color: #ffffff; padding: 16px; border-radius: 8px; border: 1px solid #bae6fd;\">\n                <h3 style=\"margin-top: 0; margin-bottom: 12px; color: #000000; font-size: 1.1rem; font-weight: 600;\">\n                    Not Allowed\n                <\/h3>\n                <ul style=\"margin: 0; padding-left: 20px; color: #000000;\">\n                    <li style=\"margin-bottom: 6px;\">Stop Loss Orders<\/li>\n                    <li style=\"margin-bottom: 0;\">Iceberg Orders<\/li>\n                <\/ul>\n            <\/div>\n        <\/div>\n\n        <p style=\"margin-bottom: 24px; color: #000000;\">\n            Unexecuted limit orders from the regular market will automatically carry forward into CAS if they fall within the applicable price band.\n        <\/p>\n\n        <!-- Pre-Open Session Changes -->\n        <h2 style=\"font-size: 1.5rem; color: #000000; margin-top: 32px; margin-bottom: 16px; font-weight: 600; padding-bottom: 6px; border-bottom: 1px solid #bae6fd; line-height: 1.4;\">\n            Pre-Open Session Changes (Effective September 7, 2026)SEBI has also aligned the Pre-Open Auction Session with the CAS framework.\n        <\/h2>\n        <div style=\"overflow-x: auto;\">\n            <table style=\"width: 100%; border-collapse: collapse; margin-bottom: 24px; font-size: 0.95rem; min-width: 500px; border: 1px solid #e2e8f0;\">\n                <thead>\n                    <tr style=\"background-color: #bae6fd; color: #000000;\">\n                        <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">Session<\/th>\n                        <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">Old<\/th>\n                        <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">New<\/th>\n                    <\/tr>\n                <\/thead>\n                <tbody>\n                    <tr style=\"background-color: #ffffff;\">\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Order Entry<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Existing<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Market &#038; Limit Orders<\/td>\n                    <\/tr>\n                    <tr style=\"background-color: #f8fafc;\">\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Second Phase<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Existing<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Limit Orders Only<\/td>\n                    <\/tr>\n                    <tr style=\"background-color: #ffffff;\">\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Random Close<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">No<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Yes (9:08\u20139:10 AM)<\/td>\n                    <\/tr>\n                    <tr style=\"background-color: #f8fafc;\">\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Matching<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Existing<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Equilibrium Price<\/td>\n                    <\/tr>\n                    <tr style=\"background-color: #ffffff;\">\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Information<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Limited<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Indicative price, quantities &#038; imbalance<\/td>\n                    <\/tr>\n                <\/tbody>\n            <\/table>\n        <\/div>\n\n        <!-- New Market Timings -->\n        <h2 style=\"font-size: 1.5rem; color: #000000; margin-top: 32px; margin-bottom: 16px; font-weight: 600; padding-bottom: 6px; border-bottom: 1px solid #bae6fd;\">\n            New Market Timings\n        <\/h2>\n        <table style=\"width: 100%; border-collapse: collapse; margin-bottom: 24px; font-size: 0.95rem; border: 1px solid #e2e8f0;\">\n            <thead>\n                <tr style=\"background-color: #bae6fd; color: #000000;\">\n                    <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">Segment<\/th>\n                    <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">Current<\/th>\n                    <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">New<\/th>\n                <\/tr>\n            <\/thead>\n            <tbody>\n                <tr style=\"background-color: #ffffff;\">\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Equity (F&#038;O Stocks)<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">9:15\u20133:30<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">9:15\u20133:15<\/td>\n                <\/tr>\n                <tr style=\"background-color: #f8fafc;\">\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Equity (Other Stocks)<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">9:15\u20133:30<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">No Change<\/td>\n                <\/tr>\n                <tr style=\"background-color: #ffffff;\">\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">F&#038;O<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">9:15\u20133:30<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">9:15\u20133:40<\/td>\n                <\/tr>\n            <\/tbody>\n        <\/table>\n\n        <!-- Flattrade RMS Policy Changes -->\n        <h2 style=\"font-size: 1.5rem; color: #000000; margin-top: 32px; margin-bottom: 16px; font-weight: 600; padding-bottom: 6px; border-bottom: 1px solid #bae6fd;\">\n            Flattrade RMS Policy Changes\n        <\/h2>\n        <div style=\"overflow-x: auto;\">\n            <table style=\"width: 100%; border-collapse: collapse; margin-bottom: 24px; font-size: 0.95rem; min-width: 500px; border: 1px solid #e2e8f0;\">\n                <thead>\n                    <tr style=\"background-color: #bae6fd; color: #000000;\">\n                        <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">Policy<\/th>\n                        <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">Current<\/th>\n                        <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">New<\/th>\n                    <\/tr>\n                <\/thead>\n                <tbody>\n                    <tr style=\"background-color: #ffffff;\">\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Equity Intraday Auto Square-off<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; white-space: nowrap; color: #000000;\">3:15 PM<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; white-space: nowrap; font-weight: 600; color: #000000;\">3:00 PM<\/td>\n                    <\/tr>\n                    <tr style=\"background-color: #f8fafc;\">\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">F&#038;O Intraday Auto Square-off<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; white-space: nowrap; color: #000000;\">3:15 PM<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; white-space: nowrap; font-weight: 600; color: #000000;\">3:25 PM<\/td>\n                    <\/tr>\n                    <tr style=\"background-color: #ffffff;\">\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Equity Trading (F&#038;O Stocks)<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; white-space: nowrap; color: #000000;\">Till 3:30 PM<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; white-space: nowrap; color: #000000;\">Till 3:15 PM<\/td>\n                    <\/tr>\n                    <tr style=\"background-color: #f8fafc;\">\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Equity Trading (Other Stocks)<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; white-space: nowrap; color: #000000;\">Till 3:30 PM<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; white-space: nowrap; color: #000000;\">No Change<\/td>\n                    <\/tr>\n                    <tr style=\"background-color: #ffffff;\">\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">F&#038;O Trading<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; white-space: nowrap; color: #000000;\">Till 3:30 PM<\/td>\n                        <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; white-space: nowrap; color: #000000;\">Till 3:40 PM<\/td>\n                    <\/tr>\n                <\/tbody>\n            <\/table>\n        <\/div>\n\n        <!-- What Changes for Flattrade Customers? -->\n        <h2 style=\"font-size: 1.5rem; color: #000000; margin-top: 32px; margin-bottom: 16px; font-weight: 600; padding-bottom: 6px; border-bottom: 1px solid #bae6fd;\">\n            What Changes for Flattrade Customers?\n        <\/h2>\n        <p style=\"margin-bottom: 20px; color: #000000;\">\n            To align with the new exchange timings and ensure smooth risk management, Flattrade is updating its RMS policy.\n        <\/p>\n\n        <h3 style=\"font-size: 1.2rem; color: #000000; margin-top: 24px; margin-bottom: 12px; font-weight: 600;\">\n            Intraday Square-off Timings\n        <\/h3>\n        <table style=\"width: 100%; border-collapse: collapse; margin-bottom: 24px; font-size: 0.95rem; border: 1px solid #e2e8f0;\">\n            <thead>\n                <tr style=\"background-color: #bae6fd; color: #000000;\">\n                    <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">Segment<\/th>\n                    <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">Current RMS<\/th>\n                    <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">New RMS (From Aug 3)<\/th>\n                <\/tr>\n            <\/thead>\n            <tbody>\n                <tr style=\"background-color: #ffffff;\">\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Equity Intraday<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">3:15 PM<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">3:00 PM<\/td>\n                <\/tr>\n                <tr style=\"background-color: #f8fafc;\">\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">F&#038;O Intraday<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">3:15 PM<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">3:25 PM<\/td>\n                <\/tr>\n            <\/tbody>\n        <\/table>\n\n        <h3 style=\"font-size: 1.2rem; color: #000000; margin-top: 24px; margin-bottom: 12px; font-weight: 600;\">\n            Market Closing Timings\n        <\/h3>\n        <table style=\"width: 100%; border-collapse: collapse; margin-bottom: 24px; font-size: 0.95rem; border: 1px solid #e2e8f0;\">\n            <thead>\n                <tr style=\"background-color: #bae6fd; color: #000000;\">\n                    <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">Segment<\/th>\n                    <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">Current<\/th>\n                    <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">New<\/th>\n                <\/tr>\n            <\/thead>\n            <tbody>\n                <tr style=\"background-color: #ffffff;\">\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Equity (F&#038;O Stocks)<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">3:30 PM<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">3:15 PM<\/td>\n                <\/tr>\n                <tr style=\"background-color: #f8fafc;\">\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">Equity (Other Stocks)<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">3:30 PM<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">3:30 PM (No Change)<\/td>\n                <\/tr>\n                <tr style=\"background-color: #ffffff;\">\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">F&#038;O<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">3:30 PM<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; color: #000000;\">3:40 PM<\/td>\n                <\/tr>\n            <\/tbody>\n        <\/table>\n\n        <!-- Key Dates -->\n        <h2 style=\"font-size: 1.5rem; color: #000000; margin-top: 32px; margin-bottom: 16px; font-weight: 600; padding-bottom: 6px; border-bottom: 1px solid #bae6fd;\">\n            Key Dates\n        <\/h2>\n        <table style=\"width: 100%; border-collapse: collapse; margin-bottom: 24px; font-size: 0.95rem; border: 1px solid #e2e8f0;\">\n            <thead>\n                <tr style=\"background-color: #bae6fd; color: #000000;\">\n                    <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">Date<\/th>\n                    <th style=\"padding: 12px 16px; text-align: left; font-weight: 600; border: 1px solid #e2e8f0;\">Change<\/th>\n                <\/tr>\n            <\/thead>\n            <tbody>\n                <tr style=\"background-color: #ffffff;\">\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; white-space: nowrap; color: #000000;\">August 3, 2026<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">CAS implementation, new timings &#038; RMS changes<\/td>\n                <\/tr>\n                <tr style=\"background-color: #f8fafc;\">\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; font-weight: 600; white-space: nowrap; color: #000000;\">September 7, 2026<\/td>\n                    <td style=\"padding: 12px 16px; border: 1px solid #e2e8f0; color: #000000;\">Pre-open framework changes<\/td>\n                <\/tr>\n            <\/tbody>\n        <\/table>\n\n        <!-- Outro -->\n        <p style=\"margin-top: 32px; margin-bottom: 16px; font-weight: 500; color: #000000;\">\n            The introduction of the Closing Auction Session marks a significant step in modernising India&#8217;s equity markets.\n        <\/p>\n        <p style=\"margin-bottom: 0; color: #000000;\">\n 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