NSE has clarified the process through which close price for the future contracts shall be determined

NSE vide circular dated May 13, 2023 has clarified that the close price for the future contracts shall be determined in following order:
a. Volume Weighted Average Price (VWAP) of all trades done during last half an hour of the trading day, subject to minimum of ten trades.
b. If the number of trades during last half an hour is less than ten, then close price shall be based on the VWAP of the last ten trades executed during the day.
c. If the contract has traded during the day but number of trades executed is less than ten, then close price shall be Last Traded Price (LTP) of the contract for the day.
d. If no trade is executed during the day on the contract, previous close price shall be the close price for the day (this shall be the base price in case of first trading day of the contract).

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