When SEBI’s Discretion Overshadows Deterrence and Investor Trust

SEBI’s settlement framework, designed for swift justice, risks eroding market faith as discretion eclipses discernment and leniency replaces deterrence.

Indra Chourasia

October 24, 2025 at 5:14 AM IST

Jimmy vikas/cc

Crypto Without Clarity: India’s Risk of Leading From the Shadows

India tops the world in crypto adoption. Yet its unclear rules, high taxes and hesitation risk turning a booming movement into a missed opportunity.

N. Srinivasa Rao

October 16, 2025 at 4:26 AM IST

iStock.com

Nuvama Wealth Forms Mutual Fund Subsidiary, Appoints Dinesh Soni As Head

BasisPoint Insight

October 8, 2025 at 5:48 AM IST

Traders Should Brace For Shock From GIFT City’s Daily Option Expiry Push

GIFT City’s daily expiry options could quietly reshape NSE’s rhythm as offshore flows ripple into Mumbai’s markets. Traders must adapt fast.

Krishnadevan V

October 7, 2025 at 1:07 PM IST

Pooja T S/Via Wikicommons

Court Unquote

Sahara-Adani Asset Sale, VodafoneIdea AGR Dues, Personality Rights and More

Your weekly rundown of significant judicial rulings and legal battles influencing policy, companies, regulation, and governance.

BasisPoint Insight

October 6, 2025 at 9:29 AM IST

https://www.aambyvalley.com/

India’s Biggest Investor Base Is Still on the Sidelines

If knowledge alone built wealth, India would be teeming with Warren Buffetts by now. Millions of Indian households know about investing in securities. Very few of them actually bother to do it.

Krishnadevan V

October 3, 2025 at 1:10 PM IST

Jimmy vikas/cc

Regulated Pre-IPO Markets Can Generate Billions in Missing Tax Revenue

India's unregulated pre-IPO grey market causes massive tax leakage. SEBI's proposed regulated platform could unlock billions in government revenue.

Chandrika Soyantar

October 3, 2025 at 11:50 AM IST

Jimmy vikas/cc

SEBI Needs AI-Powered Surveillance Upgrade

India Securities Regulator's surveillance lags behind market manipulators as digital trading surges, demanding urgent ahead-of -the-curve AI-powered real-time detection systems.

Indra Chourasia

September 23, 2025 at 9:46 AM IST

AI Generated

SEBI Clears Adani Group of Related Party Transaction Violations in Hindenburg Case

BasisPoint Insight

September 22, 2025 at 6:40 AM IST

India’s Gold Muscle Is Wasted Without Market Credibility

India buys a fifth of the world’s gold yet takes cues from London and New York. Without trust, transparency and reform, import muscle means little.

G. Chandrashekhar

September 18, 2025 at 9:35 AM IST

stock/Andy

PSU Bank Mergers Without Deal-Making Skills Will Have Little Global Impact

India's state-owned banks excel at lending but lose billion-dollar deals to global rivals. Why PSU banks need deal-making DNA for Viksit Bharat 2047.

Krishnadevan V

September 18, 2025 at 5:54 AM IST

iStock.com

Crushed Volatility: How SEBI’s Clampdown Risks Killing the Options Game

SEBI’s clampdown on arbitrageurs has exposed retail traders’ habits, crushed implied volatility, and raised a sobering question.

Sanjay Mansabdar

September 17, 2025 at 6:09 AM IST

iStock.com

One Voice, Many Questions, And a Test for Leadership

The resignation of an independent director of KRBL, a listed entity, highlights how a single voice can trigger scrutiny that tests the structures and responsibilities of leadership.

Srinath Sridharan

September 16, 2025 at 3:14 PM IST

iStock.com

Why India’s Stock Markets are Poised for a Major Shift

SEBI reforms unlock mega IPOs and foreign capital with SWAGAT initiative, setting the stage for stable, long-term investments in India

BasisPoint Groupthink

September 13, 2025 at 11:27 AM IST

Jimmy vikas/cc

NCDEX’s Equities Foray May Diversify Markets but Imperils Agri-Futures

SEBI’s nod for NCDEX to enter equities aims to dilute the NSE-BSE duopoly. But it may also quietly kill India’s agricultural commodity derivatives market.

Sanjay Mansabdar

September 11, 2025 at 8:55 AM IST

Via WikiCommons

Court Unquote

Jane Street, Ethanol-Blended Petrol, Online Gaming Law, Delhi Riots and More

Your weekly rundown of significant judicial rulings and legal battles influencing policy, companies, regulation, and governance.

BasisPoint Insight

September 8, 2025 at 6:08 AM IST

Jimmy vikas/cc

Regulatory Zeal Risks Choking India’s Market Engine

SEBI’s flurry of rule changes, meant to shield retail investors, is edging into overreach that could sap liquidity and market efficiency.

Sanjay Mansabdar

September 4, 2025 at 5:19 PM IST

iStock.com

SEBI's Derivatives Pullback Will Drive Speculation Offshore

Longer-dated contracts and reduced leverage will push trades to alternative assets and foreign jurisdictions, defeating the regulator’s objectives.

Dev Chandrasekhar

Sunil Goel

August 26, 2025 at 2:29 PM IST

SEBI Scraps ₹10,000 Minimum Transcription Fee For MF Distributors

BasisPoint Insight

August 11, 2025 at 6:17 AM IST

Expiry Day Turmoil Shows Jane Street Was Never the Only Problem

Volatility on July 31 mirrored the infamous Jane Street episode, raising deeper questions about India’s options market design.

Sanjay Mansabdar

August 1, 2025 at 3:47 AM IST

iStock.com

SEBI Catches BSE Red Handed, But Penalty Barely Scratches the Surface

SEBI exposes BSE's discrimination in disseminating disclosures, favouring select clients over retail investors, but imposes a laughable ₹2.5 million penalty.

Krishnadevan V

July 29, 2025 at 8:25 AM IST

Amey Bane/iStockphoto.com

How SEBI Will Make Sure You Know Exactly What You Buy

SEBI’s draft circular enforces true-to-label naming, caps portfolio overlaps and mandates lock-ins, simplifying fund choices and boosting clarity.

Krishnadevan V

July 23, 2025 at 6:07 AM IST

iStock.com

Opinion

Information Asymmetry Creates Chaos While Exchanges Pursue Profit Path

Exchanges must master data duality—balancing mandated market transparency with monetisable analytics magic while meeting regulatory rules.

Indra Chourasia

July 23, 2025 at 3:29 AM IST

Jane Street Back on Street, but Under Leash

BasisPoint Insight

July 21, 2025 at 4:19 PM IST

SEBI Renews MCX Clearing Corp.'s Licence For Three Years

BasisPoint Insight

July 18, 2025 at 7:58 AM IST

Jane Street Case Highlights Index Flaws and Information Asymmetry

Jane Street's manipulation of stock indices exposes deep structural weaknesses. Transparency reforms and exchange-agnostic benchmarks are the real solution.

Krishnadevan V

July 17, 2025 at 3:58 AM IST

Jimmy vikas/cc

Casino Capitalism Comes to Town: When Speculation Becomes Public Policy

India’s options market became a casino by design, not accident. Blaming Jane Street alone for playing the game it was invited to won’t do any good.

R. Gurumurthy

July 13, 2025 at 4:50 PM IST

iStock.com

Was Jane Street Just Trading Smart, Or Did It Cross The Line?

Legal Prism: SEBI's action against Jane Street is no regulatory overreach. It sets out a compelling case of systematic, calculated market manipulation.

Kunal Vajani

July 12, 2025 at 7:13 AM IST

iStock.com

IPO

When IPO Red Flags are Allowed Marketing Spin

Belrise Industries IPO reveals the poor evaluation standards applied by regulators, underwriters, and institutional investors.

Dev Chandrasekhar

July 11, 2025 at 2:18 AM IST

Market Integrity, Revenue Pressures, And Jane Street Episode

SEBI’s probe into Jane Street’s alleged index manipulation raises urgent questions about market integrity and investor protection in India.

Krishnadevan V

July 10, 2025 at 5:37 AM IST

Via WikiCommons

SEBI, Jane Street, And The Arbitrageur’s Edge

SEBI’s case against Jane Street hinges less on illegality and more on scale. Was it manipulation or simply market muscle on an expiry day?

Sanjay Mansabdar

July 10, 2025 at 5:22 AM IST

iStock.com

SIFs Promise Sophistication, But Risk Being The Emperor’s New Clothes

SEBI’s new SIF framework aims to democratise sophisticated investing, but limits, leverage and lacklustre strategies may leave investors cold.

Sridhar Sattiraju

July 7, 2025 at 6:47 AM IST

Jimmy vikas/cc

SEBI’s Jane Street Action May Be a Cure Worse Than the Disease

SEBI’s unprecedented enforcement action may have been premature, risking India's global derivatives supremacy on legally shaky grounds.

Dev Chandrasekhar

Sunil Goel

July 4, 2025 at 2:57 PM IST

Jimmy vikas/cc

How Jane Street Outsmarted The Street And Made Billions

Jane Street rigged expiry days with big buys and bearish options bets, netting ₹360 billion before SEBI shut it down.

Arshad Hussain

July 4, 2025 at 7:03 AM IST

iStock.com

Guardianship Or Overreach? In Defence Of The RBI’s Right To Watch The Experts

The RBI’s move to intensify oversight is a necessary act of institutional responsibility in a governance landscape marked by silence, capture, and structural asymmetry.

Srinath Sridharan

July 1, 2025 at 9:10 AM IST

SEBI Clears Suzlon Of Misrepresentation Charges In Financial Statements Probe

BasisPoint Insight

June 30, 2025 at 9:48 AM IST

SEBI Fines BSE ₹2.5 Million For Lapses In Corporate Announcement Handling

BasisPoint Insight

June 26, 2025 at 8:07 AM IST

Regulatory Uncertainty Clouds NSE IPO, Calls For Rule Clarity

Unsettled rules on clearing corporations’ ownership post-SEBI paper raise concerns for the NSE IPO, highlighting need for regulatory sync.

Indra Chourasia

June 18, 2025 at 10:22 AM IST

Jane Street’s Trades Reveal Global Options Sellers Rigged Indian Indices

SEBI’s probe exposes how India built the world's largest options market on a foundation of systematic retail exploitation

Dev Chandrasekhar

Sunil Goel

June 16, 2025 at 5:47 AM IST

iStock.com

SEBI Amends IndusInd Insider Trading Order To Reflect Engagement Note

BasisPoint Insight

June 9, 2025 at 8:47 AM IST

Retail Surge In NSE’s Unlisted Shares May Be Forcing SEBI’s Hand

A retail frenzy for NSE’s unlisted shares has pushed valuations sky-high, perhaps pressuring SEBI to clear a long-delayed IPO.

Sanjay Mansabdar

May 31, 2025 at 3:48 AM IST

zadeus/Via WikiCommons

The Case For A Governance Reset At IndusInd Bank

SEBI called out IndusInd’s failures. Insider trades, delayed disclosure, and board apathy demand RBI intervention to protect market integrity.

Krishnadevan V

May 29, 2025 at 10:49 AM IST

iStock.com

SEBI Bars Former IndusInd Top Bosses On Insider Trading Charges

BasisPoint Insight

May 28, 2025 at 3:03 PM IST

SEBI Warns Mauritius-Based Adani Investors Over Disclosure Delays

BasisPoint Insight

May 21, 2025 at 9:47 AM IST

SEBI Settles Employee Stock Options Case Against One97 Communications

BasisPoint Insight

May 12, 2025 at 8:34 AM IST

Ambuja Cements Gets BSE, NSE Nod For Penna Cement Merger

BasisPoint Insight

May 3, 2025 at 9:37 AM IST

Don’t Blame Green Finance for Promoters’ Greed

The Gensol episode seems a case of individual misconduct, not a failure of green finance. Misgovernance must be called out for what it is, without undermining the legitimacy of sustainable capital.

Srinath Sridharan

April 26, 2025 at 7:16 AM IST

iStock.com

Be Wary Of The Green Halo, Not Just The Risk-Free Returns

BluSmart’s eco-veneer masked a financial maze. Bondholders and banks must now face the fallout of feel-good funding gone wrong.

Sachin Malhotra

April 25, 2025 at 8:50 AM IST

SEBI Cracks Down On Gensol Engineering; Puts Stock Split On Hold

BasisPoint Insight

April 15, 2025 at 2:17 PM IST

SEBI Exempts Govt From Open Offer In Vodafone Idea Equity Deal

BasisPoint Insight

April 5, 2025 at 8:22 AM IST

SEBI Issues Warning To Nuvama Unit Over Client Pledge Process

BasisPoint Insight

April 5, 2025 at 8:15 AM IST

SEBI’s Derivatives Expiry Standardisation Move Can Stifle Competition

The derivatives pot has been stirred, again. The debate between investor protection and competition comes to fore.

Krishnadevan V

Sunil Goel

March 31, 2025 at 5:02 AM IST

iStock.com/ sreeyashlohiya

Why RBI Must Ban Derivative Trades By Bank Insiders

IndusInd insiders traded derivatives while holding price-sensitive data. RBI must stop such conflicts before they corrode trust in the banking system.

Krishnadevan V

March 27, 2025 at 5:07 AM IST

Generalising/via Wikimedia Commons

Risk Takes Backseat As Young India Finfluences

Throwing the baby out with the bathwater is not a solution; finfluencers should be enlisted to spread financial literacy.

Krishnadevan V

March 25, 2025 at 9:46 AM IST

iStock.com/Satoshi-K

SEBI Eases Beneficial Ownership Disclosure Norms for FPIs

BasisPoint Insight

March 24, 2025 at 1:57 PM IST

SEBI's Social Media Deterrent Is A Start, More Needs To Be Done

Financial advertisers will now have to register with platforms like Google and Meta, but more is needed to curb mis-selling and fraud

BasisPoint Groupthink

March 24, 2025 at 5:47 AM IST

Jimmy vikas/cc

SEBI's Curbs Keep Indian Investors Out Of Global Markets, Limiting Returns

SEBI’s overseas investment limits trap Indian investors, exposing them to volatility when FIIs exit and denying them access to global growth.

Krishnadevan V

March 19, 2025 at 3:38 AM IST

Jimmy vikas/cc

Financial Market Regulations Should Not Descend To Iatrogenesis

Regulatory tweaks in India's financial sector risk unintended harm—does over-caution cost more than its benefits?

R. Gurumurthy

March 10, 2025 at 11:52 AM IST

Photo by Patrick Hendry on Unsplash

Opinion

Derivatives Volumes Fall As SEBI Serves Unpalatable Detox

SEBI’s measures aimed at curbing excessive speculation have led to sharp contraction in volumes and growing unease among market participants.

Sunil Goel

March 10, 2025 at 6:44 AM IST

Jimmy vikas/cc

Opinion

Lost Speeches, Lost Wisdom: SEBI’s Institutional Gap

The absence of Madhabi Puri Buch’s speeches from SEBI’s website raises serious concerns about regulatory memory and transparency.

Krishnadevan V

March 10, 2025 at 5:44 AM IST

Look Beyond SIPs To Democratise India’s Investment Market

India’s equity markets need direct fractional ownership—not just mutual fund sachets—to empower retail investors. Reforms must pave the way for this leap in financial inclusion.

Krishnadevan V

February 28, 2025 at 3:33 AM IST

Tuhin Pandey Is SEBI Chief, Second Top Finance Official Shifted To Mumbai

Tuhin Kanta Pandey's appointment as SEBI chair follows ex-revenue secretary Malhotra's move to RBI in a top-level finance reshuffle.

BasisPoint Insight

February 28, 2025 at 1:28 AM IST

The Bureau

Oil Surge Rekindles Inflation Worries; Investors Await Trump–Xi Diplomacy

India’s Processed Potato Exports Surge as Asia’s Snack Demand Booms

When Infrastructure Kills the Vibe, Ambition Turns Up the Volume

Green crackers, Sahara-SEBI, Digital Arrest, Asian Paints, and more

CoinDCX Raises Again — Is India’s Crypto Winter Finally Thawing?

India’s Exports to US Fall 20% in September as Trump Tariffs Bite: GTRI

MPC Keeps Powder Dry as Rate-Cut Debate Heats Up

Mission Pulses: Does It Pack The Protein Punch India Needs?

Jallikattu: Tamil Nadu’s Ancient Bull-Taming Tradition