Leader of Opposition and Congress leader Rahul Gandhi has raised sharp questions to market regulator SEBI on its own data. SEBI has recently released a report that in the last 3 years, small investors have lost Rs 1.8 lakh crore due to 'future and option' trading in the stock market. On this, Rahul Gandhi says that SEBI should tell who are the 'big players' who are earning money from the losses of small investors?
Rahul Gandhi wrote on the social media platform 'X' that future and option trading has increased 45 times in the last 5 years. It has increased in an uncontrolled manner. 90 percent of small investors have lost Rs 1.8 lakh crore in the last 3 years. SEBI should definitely release the names of those so-called 'big players' who benefited from the death of these small investors.
This is Rahul Gandhi's latest attack on SEBI. Earlier also Rahul Gandhi has raised questions on the working style of SEBI regarding many trends seen in the stock market. On the other hand, the country's main opposition party Congress has been attacking SEBI Chairperson Madhabi Puri Buch for a long time.
Uncontrolled F&O trading has grown 45x in 5 years.
90% of small investors have lost ₹1.8 lakh Cr in 3 years.
SEBI must reveal the names of the so called Big Players making a killing at their expense.
—Rahul Gandhi (@RahulGandhi) September 24, 2024
After Madhabi Puri Buch's name appeared in the Hindenburg Research report, the same Congress has been attacking the SEBI chief on issues such as negligence in SEBI's investigation against the Adani Group, conflict of interest, etc. Recently, when information about the declared assets of the SEBI chief was sought in an RTI, SEBI refused to provide it by calling it 'personal information'.
SEBI had released a report on Monday, in which it was told that 91% i.e. 73 lakh traders have suffered losses in the last financial year 2023-24 due to futures and options trading. Every trader has suffered an average loss of Rs 1.2 lakh. During this period, small traders suffered a total loss of Rs 75,000 crore. In the last 3 financial years, the total loss of traders trading in this segment has been Rs 1.8 lakh crore.
On the contrary, in these three years, only 7.2 percent of traders have made a profit from Futures and Options (F&O Trading). Whereas only 1 percent of traders have been able to earn a profit of more than Rs 1 lakh per person after deducting all the market expenses.
