93% individual F&O traders made losses, spike in young traders: SEBI Survey
SEBI said the proportion of young traders (below 30 years) in the F&O segment rose to 43 per cent in FY24 from 31 per cent in FY23.
Shares of Reliance Industries (RIL) were trading nearly 3 per cent down in the afternoon trade on Monday after the Securities and Exchange Board of India (Sebi) banned the firm from trading in equity derivatives.
The Sebi on Friday has banned RIL and 12 others from equity derivatives trading for one year for alleged fraudulent trading in a 10-year-old case.
The Sebi has also directed RIL to disgorge nearly Rs.1,000 crore
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The ban is related to alleged fraudulent trading in the Futures and Options (F&O) space in the securities of RIL's former listed subsidiary Reliance Petroleum (RPL) – now merged with the listed parent firm.
RIL was trading Rs.37.65 of 2.93 per cent down at Rs.1,249 at the National Stock Exchange (NSE), at 1.20 pm on Monday.
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