ICICI Direct now displays the live Indicative Equilibrium Price across its trading platforms, offering investors transparency during the new auction-driven closing process, aligning with India’s regulatory shift towards improved price discovery and market integrity.
ICICI Direct has begun showing the Indicative Equilibrium Price across its trading platforms, a change that gives investors live visibility into how prices are forming during the Closing Auction Session. The brokerage said the feature now appears in watchlists, charts and on key benchmarks such as the Nifty and Sensex, allowing clients to monitor supply and demand before the market shuts and to gauge the likely impact on portfolio and derivatives positions.
The move comes as Indian market infrastructure shifts towards an auction-led close for stocks with futures and options contracts. According to market rules introduced by the Securities and Exchange Board of India, the Closing Auction Session replaced the earlier volume-weighted average price approach and gathers buy and sell orders in a separate window from 3:15 pm to determine a single closing price through an equilibrium mechanism. Market descriptions of the new regime say it is designed to improve price discovery and make manipulation harder.
For derivatives traders, the relevance is immediate: the Indicative Equilibrium Price offers an early guide to the settlement level of the underlying share, which can affect how futures and options are priced and managed. ICICI Securities executive director Ajay Saraf said the display was intended to give clients greater transparency and confidence as they take part in the closing auction.
ICICI Direct is the retail brokerage arm of ICICI Securities, a subsidiary of ICICI Bank, and has been operating since May 1995. The platform already provides live price updates during market hours, and the addition of auction pricing extends that real-time feed into the final phase of trading. The change places the brokerage in step with a broader regulatory overhaul that is reshaping how the Indian market discovers closing prices in the derivatives segment.
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