Sebi official compares trading index options close to expiry to a casino slot machine

Sebi member Ananth Narayan compared index options trading near expiry to a slot machine, noting its appeal due to low premiums. He pointed out a twelvefold increase in annual turnover for index options from FY20 to FY24. Over 92 lakh individuals collectively lost Rs 51,869 crores in index derivatives during FY24.