Online Trading
For the week ended October 16, holdings of foreign currency, a significant element of reserves, declined by $5.758 billion, registering at $591.847 billion. The value of Special Drawing Rights increased by $30 million, reaching $18.578 billion. Gold reserves appreciated by $706 million, ascending to $105.8 billion, according to the central bank. India's foreign exchange reserves held at the International Monetary Fund advanced by $11 million, reaching $4.791 billion.
*9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
*On an average, loss makers registered net trading loss close to ₹ 50,000.
*Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
*Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.
a.Register on SCORES Portal (SEBI)
b.Mandatory details for filing complaints on SCORES:
i.Name, PAN, Address, Mobile Number, E-mail ID
c.Benefits:
i.Effective Communication
ii.Speedy redressal of the grievances