Today, futures & options attract pure speculation; they are not hedging tools. SEBI wants to make F&O trades delivery-backed. This is welcome

Globally, futures & options (F&O) markets have an element of actual settlement of trades through deliveries. For instance, in an ‘option’ contract, the buyer of the option has a right to demand performance through actual delivery. In the ‘futures’...

Here are some ideas for SEBI under a new chairman, to improve the quality of Indian markets

With a new chairman in place and the market sharply down from the peak, it is a great time for the Securities and Exchange Board of India (SEBI) to set a lot of things right. Here is my wish list of changes.
Initial Public Offerings (IPOs): Right now, irrespective of what you fill in the IPO...

Postpone buying of houses; reject freebies of builders and be careful of the stocks you buy

The government insists that inflation has been contained and is currently around 5%. I wish those who put out these numbers would go to the marketplace and keep a track of what their spouses buy on a regular basis. The price of everything, from toothpaste to edible oils, is rising at an alarming pace....