After the advisory, trading in the contracts -- used to hedge against foreign exchange risks and speculate on currency movements -- nosedived in India and rose overseas
Sebi imposed a temporary trading ban on the US-based firm and ordered the seizure of Rs 4,840 crore, citing 'an intentional, well-planned and sinister scheme'
Arun Khurana, deputy CEO of IndusInd Bank, has resigned with immediate effect, taking responsibility for the ₹1,960 crore losses due to incorrect accounting of internal derivative trades.
In a consultation paper released late on Monday, SEBI proposed that the market-wide position limit for single-stock derivatives should be linked to the cash markets
The Securities and Exchange Board of India cracked down on the derivatives market after a 40-fold boom that led to billions of dollars in losses for retail investors
Poornima Vardhan and Taponeel Mukherjee developed The APEX Formula to identify investment opportunities that deliver outsized returns that outperform benchmarks.
Foreign funds' open interest, or the number of contracts outstanding in value terms, reached 8.4 trillion rupees ($101 billion) on the National Stock Exchange Tuesday