Sebi weighs lower margins for longer-term derivatives as F&O losses stay high: Tuhin Kanta Pandey
SEBI moved lower in a quarterly results development.
23 Sept 2026 · ET Stocks, Economic Times Markets
Sebi Chairman Tuhin Kanta Pandey said the regulator is examining whether margin requirements can be lowered for longer-term derivatives contracts. The move could support deeper markets while Sebi continues addressing high retail F&O losses and speculative short-term trading.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Why it matters
- With SEBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- This is a market-wide development — its reach goes beyond any single stock.
- The immediate tone of coverage reads negative.
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