There can be positive surprises, I do not rule it out. But I think, you see we give a number when we are totally convinced about it and our approach is not to sort of gamble by giving a higher number. Our overall approach as a central bank is always very conservative in the sense that when we are absolutely sure about a particular number, we give it.
Only a handful of traders power India’s F&O volumes, highlights Zerodha’s Nithin Kamath
Nithin Kamath said India’s F&O market remains small despite perceptions, with limited participation. A tiny group of 1–2% traders drives 60–70% of volumes, making brokerage
April 22, 2026