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Indian Retail F&O Losses Reach ₹91,685 Crore Despite SEBI Curbs

Indian Retail F&O Losses Reach ₹91,685 Crore Despite SEBI Curbs
Indian Retail Traders Lose ₹91,685 Crore In F&O Trading In FY26 Despite SEBI Curbs On Derivatives · freepressjournal.in

Some grown-ups in India play a money game called trading, where they guess whether the price of a company's shares will go up or down.

A very risky version of this game is called futures and options, or F&O for short.

Last year, the people who played this risky game lost a huge amount of money — ₹91,685 crore.

A rule-making organization called SEBI tries to keep people safe by making the game harder and safer to play.

This year, fewer people played, and the total losses were a little smaller than the year before.

The number of players dropped from almost 10 million to fewer than 8 million.

But the people who kept playing still lost a lot of money, which shows the safety rules did not fully work.

The market where the game is played also became quieter, with less money moving through it.

Some experts say the safety rules are good, but they must make sure the game still works well for everyone else.

Key facts

Retail F&O losses (FY26)
₹91,685 crore
Previous year losses
₹1.1 trillion
Active retail traders
Fewer than 8 million, down from 9.8 million
NSE average daily F&O turnover (July)
₹214 trillion, down 23% from June
Retail share of equity derivatives
Nearly 31%, up from 26% a year earlier
Proprietary traders' share (June)
58.1%, down from more than 60% last year
SEBI measures
Larger contract sizes, tighter position limits, additional safeguards
RBI measures
Stricter funding norms for proprietary traders and brokers

Quotes

Pankaj Chaudhary

Minister of State for Finance

“The losses were lower than the previous year’s ₹1.1 trillion, while the number of active traders also declined to less than 8 million from 9.8 million”
freepressjournal.in

Sources

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