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Finance Minister Nirmala Sitharaman on Sunday defended a sharp increase in securities transaction tax on futures and options, arguing that the government could not remain silent as speculative ‘satta’ in derivatives is inflicting heavy losses on small retail investors, even as markets sell off brokers and stock swaps on fears that higher costs would chill […]
The Indian derivatives crisis was successful in curbing the options exuberance that burned millions of retail investors, but traders were left in the dark as to whether new restrictions are coming that will further change the market.Investors and strategists are watching whether the Securities and Exchange Board of India will halt weekly contracts on the […]
