Investors should assess if F&O trading works: Sebi chief Tuhin Kanta Pandey after heavy losses
SEBI moved lower for FY26.
· Economic Times Markets, ET Stocks
Sebi Chairman Tuhin Kanta Pandey said regulatory measures have helped reduce aggregate F&O losses, but individual traders continue to lose money. Sebi’s latest study showed individual traders’ net losses fell to Rs 91,685 crore in FY26 from Rs 1.12 lakh crore in FY25, while 88% still reported losses.
Key facts
- Period
- FY26 and FY25
The analysis
SEBI reported Rs 91,685 crore and Rs 1.12 lakh crore for FY26, with movement of 88% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- With SEBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The immediate tone of coverage reads negative.