Politics
India’s Retail Traders Lost $9.6 Billion in Equity Derivatives
Key Points
India’s Retail Traders Lost $9.6 Billion in Equity Derivatives Individuals in India lost 916.85 billion rupees ($9.6 billion) buying and selling equity futures and options in the year ended March, down from 1.1 trillion rupees a year earlier, the government told lawmakers on Tuesday. The number of individual traders in equity derivatives fell to fewer than 7.9 million from 9.8 million a year earlier, according to a written reply by Minister of State for Finance Pankaj Chaudhary.
India’s Retail Traders Lost $9.6 Billion in Equity Derivatives
Individuals in India lost 916.85 billion rupees ($9.6 billion) buying and selling equity futures and options in the year ended March, down from 1.1 trillion rupees a year earlier, the government told lawmakers on Tuesday.
The number of individual traders in equity derivatives fell to fewer than 7.9 million from 9.8 million a year earlier, according to a written reply by Minister of State for Finance Pankaj Chaudhary.