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Savio Shetty on Muck Rack

Savio Shetty

Mumbai
As seen in: MSN, MSN Money Canada, MSN Singapore, MSN UK, Bloomberg News, Daily Mail, Reuters, Reuters Japan, The Economic Times, Yahoo Canada and
Lots of sarcasm. Can't stop watching baby videos. “Whoever saves one life saves the world entire”. Also @Reuters Journalist
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Articles

India Stock Auction Needs Market Makers as Price Swings Persist

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By Chiranjivi Chakraborty, Savio Shetty
| Bloomberg News Verified
Bloomberg (Bloomberg) -- India’s new closing system absorbed a record $4.2 billion of stock trades linked to MSCI Inc. index rebalancing on Monday. Yet the sharp price swings that have plagued it since launch persisted, underscoring a key challenge to its long-term success: the lack of market makers. Turnover in the 20-minute window on the National Stock Exchange of India, the country’s top bourse, was 33 times the daily average since the system’s Aug. 3 debut.
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Debate Over India’s New Closing Auction Persists After MSCI Rejig

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By Savio Shetty, Rajesh Mascarenhas Verified
| Bloomberg News Verified
Signage for the Nifty Index at the National Stock Exchange of India building in Mumbai.Photographer: Dhiraj Singh/Bloomberg September 1, 2026 at 2:30 AM UTC I’m Savio Shetty in Mumbai, where the debate over the closing auction refuses to die down.
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India’s Closing Auction Faces $5 Billion MSCI Reshuffle Test

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By Alex Gabriel Simon Verified, Savio Shetty
| Bloomberg News Verified
The Nifty 50 logo is displayed on a glass facade at the National Stock Exchange (NSE) in Mumbai.Photographer: Dhiraj Singh/Bloomberg August 31, 2026 at 2:41 AM UTC I’m Savio Shetty in Mumbai, where there’s been another high-profile CEO exit. HDFC Bank’s Sashidhar Jagdishan is the latest in a string of sudden CEO resignations at India’s top business groups, following similar developments at Tata and Godrej.
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