– SEBI proposed measures to curb speculative trading in index derivatives segment
– Aim is to enhance investor protection and market stability in derivative markets
– Measures include increasing minimum contract size, upfront collection of option premium, intraday monitoring of position limits, rationalisation of weekly index products, removal of calendar spread benefit, rationalisation of options strikes, increase in margin near contract expiry
– Finance Minister Nirmala Sitharaman proposed to double Securities Transaction Tax on F&O of securities
– Market participants welcome measures to curb irrational exuberance of retail investors in derivatives market
– Rohit Sharma makes history by leading India to T20 World Cup victory and becoming first T20I captain to win 50 matches, praised for tactical skills and explosive batting style