The order book exhibits healthy two-sided liquidity around baseline (1,000.00). No concentrated spoofing or price distortion detected.
REGULATORY METRICS
Price Shift vs Baseline:
0.00%
Top Bid Concentration:
32.6%
Top Ask Concentration:
35.0%
Book Fill Efficiency:
86.7%
Imbalance Ratio:
13.3%
How SEBI Volume Maximization Works:
Unlike continuous matching where orders match in price-time priority, the 10-minute closing call auction aggregates all bids & asks. The algorithm selects the single price that maximizes total tradable volume and minimizes leftover order imbalance.