Friends, Have u notice today’s cash closing price of Indigo? It was 1260 at 3:30 PM but after that it’s changed to 1237.70. What can be the reason for so much downfall? I supposed after market orders are placed at closing price only?? Can any1 be elaborate?
The market remains very volatile during closing and 1237 was the last traded price. That’s why we see 1237. I hope it resume the uptrend tomorrow.
Closing price is the average of last 30mins average traded price
Really? I always thought it’s the last traded price on the exchange
Its always like this
Good to know
I don’t know about this. Thanks a lot. So, it will open at 1260 or 1237.70 itself??
it can open at any price … 1275 or 1220 or watever
For equities, the normal market timing is from 9.15 am to 3.30 pm, but the exchange starts collecting orders from people at 9.00 am till 9.08 am called as pre market window, during this time, they collect the orders from the public and during the next 7 minutes before markets open, they match these orders to decide at what price the stock will open for the day at 9:15. Hope this helps
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