A SEBI panel has proposed limiting net intraday positions in index derivatives to ₹15 billion (~$172 million).
The recommendation follows suspicions of manipulative strategies by firms like the banned Jane Street.
Earlier proposals of lower caps (~₹10 billion) were abandoned due to industry pushback.
The current limit mirrors ED expiry norms but extends them to intraday activity.
The current limit mirrors ED expiry norms but extends them to intraday activity.
Tighter oversight could make violations easier to detect.
Foreign intermediaries operating through Indian brokers will also face increased scrutiny.
The framework is now under consideration by SEBI’s board.
This move reflects the regulator’s intent to curb specula
tive intraday excess.
It may raise costs or alter strategies for high-frequency traders.