New risk metrics target speculative churn; parts of the original plan revised after industry pushback
Markets regulator Sebi Chief Tuhin Kanta Pandey has ruled out the possibility of an aptitude test for retail traders wanting to participates in the Futures & Options (F&O) segment, saying it is impractical and prone to regulatory overreach. The Securities and Exchange Board of India (Sebi) had earlier introduced measures in November last year in a bid to curb excess speculation in derivatives. These regulatory steps came in the wake of a Sebi study that revealed a staggering 9 out of 10 retail investors lose money while trading in F&O instruments. When asked about the industry's suggestion of introducing tests for retail investors before permitting them to trade in risky derivative products, Pandey clarified the regulator's stance. "Right now, we aren't really considering any of those things." He explained the concerns of practicality and effectiveness behind such proposals. "Number one, we have to also see, will it be a regulatory overreach? Will you be able to ...
Sebi proposes to limit expiry on two days a week
Even as its proposed measures and those announced last year have helped, Sebi will need to be fleet-footed in its regulation and supervision of this market
FPI ownership in Indian companies has fallen to a decade low, yet their influence on domestic markets remains strong
Association raises concerns with Sebi over liquidity, trading costs, and market stability in a 13-page response to Sebi
New futures and options risk metrics aimed at closer alignment with cash market
The key reference points for Nifty are: Support at 22,750 and Resistance at 23,800
Nifty Today, Jan 10: Short build up is seen in the NIFTY futures, where we have seen 8 per cent rise in the open interest
Sebi has mandated brokers to retain verifiable evidence of client orders to ensure transparency and prevent unauthorised trades
Thursday's session proved challenging for domestic markets, with benchmarks plunging sharply on the monthly F&O expiry. Sensex crashed 1,190 pts to 79,043.74, while Nifty slid 360.75 pts to 23,914.15
LIC, Zomato, Dmart among largest firms in the list of 45 stocks
Stock exchanges on Wednesday announced the addition of 45 stocks to the new list of scrips eligible for trading in the F&O segment from November 29.
India cannot afford to make futures and options trading into a 'national pastime', Sebi whole-time member Ashwani Bhatia said on Tuesday, urging investors to be more serious. Speaking at an event organized by Morningstar here, Bhatia rued that investors are protesting against the latest moves to curb activity in the F&O Segment initiated by Sebi. The markets watchdog's study has revealed that 93 per cent of the trades result in a loss for retail investors, and Bhatia said it is the institutional investors who are making money in the process. "F&O cannot be and should not be a national pastime which actually means that savings of retail participants move into the pockets of institutional hands," he said, asking investors to do "serious investing". He said India is home to more than half of the global derivative volumes, making it the largest base for such bets globally, and made it clear that this is a "crown we do not wish to wear". "... uneasy lies the head that wears a ...
Short build up is seen in the Bank Nifty Futures, where we have seen 6 per cent rise in the open interest with Bank Nifty falling by 1 per cent.
The position limits will be applicable for index futures and index options separately as it is the current practice, Sebi said
Sources reveal that exchanges submitted a list featuring 40 new entries
The market regulator's mandate on uniform transaction charges or true-to-label norms, exchanges have removed the rebate benefit available to discount brokers in the previous slab-wise rates
The platform will enable users to trade both NSE and BSE F&O contracts in one app.
Shares of BSE (formerly Bombay Stock Exchange), Asia's oldest exchange, rallied 10% on the NSE to hit a new high of Rs 4,235 on Thursday's intra-day trade in an otherwise weak market.