MSCI rebalancing triggers record ₹40k crore turnover in NSE closing auction

The MSCI index rebalancing on August 31 drove unprecedented activity in the National Stock Exchange's closing auction session (CAS), with turnover soaring to a record of nearly ₹40,000 crore. A total of 678.11 million shares changed hands as institutional investors executed rebalancing trades, representing a more than 30-fold increase over the session's recent daily average. The event underscores the growing impact of passive fund flows on Indian market mechanics.