Business
NSE chair says investor protection outranks exchange business
The Indian Express··1d ago
National Stock Exchange chairman Srinivas Injeti said on Friday the exchange's primary duty is a safe market for investors even if that costs the bourse business. He spoke a day after NSE listed. He said heavy dependence on derivatives revenue must fall. A SEBI study last month found nearly 9 in 10 individual F&O traders lost money in 2025-26.
Prism
What It Means For You
- SEBI data cited by the report show average loss per individual F&O trader rose 2 percent year on year to Rs 1.17 lakh crore.
- NSE aims to lean more on cash market, electronic gold receipts and commodities.
- SEBI on Thursday allowed foreign investors into physically settled non-agricultural commodity derivatives.
What's Happening
- Injeti said quarter to quarter jugglery cannot fix the derivatives revenue imbalance.
- Before tightening, NSE and BSE at one point drew over 90 percent of revenue from derivatives.
- NSE shares listed on BSE on Thursday at about a 1 percent premium.
Self-Listing Rules Still Blocked
- Injeti said SEBI should let exchanges list on their own platforms as markets mature.
- India still bars self-listing over conflict of interest concerns, unlike several major markets.
- Management said it has not sought permitted-to-trade approval for NSE shares on its own exchange.
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