Internet losses incurred by particular person merchants widened by 41 per cent to Rs 1.06 lakh crore in FY25 in comparison with internet losses of Rs 74,812 crore in FY24, in response to a research by the Securities and Change Board of India (Sebi).
The share of merchants making losses within the fairness derivatives section (EDS) remained broadly unchanged at 91 per cent from an earlier research undertaken in FY24, it confirmed. The findings are primarily based on a Sebi research carried on income and losses made by particular person merchants in EDS for FY24-25. The research included prime 13 inventory brokers in EDS (mixed shopper base of round 96 lakh distinctive merchants in EDS as in opposition to round 107 lakh distinctive merchants throughout market).
“The research signifies that the online losses of particular person merchants widened by 41 per cent to Rs 1,05,603 crore in FY25 from Rs 74,812 crore in FY24 (after accounting for transaction prices),” the research confirmed.
The regulator additionally examined a quarterly development in participation and revenue/loss end result of particular person merchants throughout FY 2024-25. The variety of distinctive particular person merchants in EDS declined from round 61.4 lakh in Q1 of FY25 to round 42.7 lakh in This fall of FY25. This fall comes after Sebi, in November final 12 months, introduced a slew of six measures to strengthen the EDS framework. The derivatives measures have been rolled out from November 20, 2024 onwards.
Throughout the first three quarters of FY25, the combination internet loss throughout the person merchants and the common internet loss per individual have been rising.
“Nevertheless, it’s seen that in This fall FY25, there’s a discount in losses of particular person merchants – each at combination in addition to per individual degree,” the research confirmed.
At combination degree, nonetheless, the quantum of loss in addition to share of loss makers is at a degree greater than that noticed in Q1 of FY25.
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The regulator carried out a research on the buying and selling exercise in EDS vis-à-vis the money marketplace for the interval December 2024 to Could 2025. The findings confirmed that following the introduction of Sebi measures within the F&O section final 12 months, the index choices turnover declined by 9 per cent in premium phrases on a year-on-year foundation within the interval.
In notional phrases, the turnover in index choices was down by 29 per cent throughout the identical interval. The research confirmed that in comparison with two years in the past, index choices quantity is up by 14 per cent (in premium phrases) and 42 per cent (in notional phrases).
“Variety of distinctive particular person traders buying and selling in EDS down by 20 per cent in comparison with earlier 12 months and up by 24 per cent from two years in the past,” as per the research.
In line with the Sebi’S research the turnover of people in premium phrases in EDS was down by 11 per cent year-on-year and up by 36 per cent over an identical interval two years in the past.
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India continues to see a comparatively very excessive degree of buying and selling in EDS, in comparison with different markets, notably in index choices, it stated.
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