Sebi has intensified scrutiny of the options market following surveys highlighting significant retail losses. The regulator floated the idea of extending derivative contract tenures last month and recently introduced measures such as delta-based open interest calculation. These changes could impact major market participants, potentially moderating trading volumes and reducing volatility, while Kamath acknowledged possible restrictions on weekly options or stricter suitability norms.
Ind-Ra downgrades Jana Capital, Jana Holdings NCDs to default
India Ratings downgraded Jana Capital and Jana Holdings’ NCDs to default after both entities extended debt repayments by six months due to refinancing challenges. Jana