Overview

• SEBI is likely to relax position limits for index options trading to Rs 1,500 crore net and Rs 10,000 crore gross per side.
• Intraday trading in index options will be exempt from caps, with enhanced surveillance monitoring positions up to four times daily.
• The regulator is shifting to delta-based exposure metrics to better assess market risks compared to traditional notional methods.
• Retail investor participation in index options remains elevated, with a 35.7% share of premium turnover in FY25, up from 35% in FY24.
• SEBI continues to evaluate expiry-day speculative risks and may implement additional safeguards if necessary.