India Approves New Steps to Curb Mania for Equity Derivatives
- SEBI limits weekly options to one benchmark per exchange
- India derivatives turnover has slumped since February
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India’s securities regulator introduced a slew of steps to limit equity derivatives trading, attempting to shield retail investors whose appetite for the products fueled their rise in the nation.
The measures from the Securities and Exchange Board of India erect hurdles for short-term speculative bets, such as limiting index option contracts with weekly expiries, according to the details on its website released Tuesday.