Facts that change
Core about 5 min
| Fact | Value | As of | Source |
|---|---|---|---|
| SEBI intraday study | 71% of individual intraday traders lost money in FY23; 80% of those with >500 trades | released 2024-07-24 | SEBI PR 13/2024 |
| SEBI F&O study | 87.7% of individuals lost in FY26; ~99% of prop/FPI gross profit from algos | released 2026-08-20 | SEBI PR 50/2026 (figures via summaries; M01 · 1.11 Case 1) |
| Intraday equity round trip, ₹1 lakh (NSE, typical ₹20-cap discount broker) | ₹82.68 = 8.27 bp | 2026-11-06 | Computed from the M01 · 1.7 charge stack (STT: NSE/FATAX/73524; exchange charges: NSE/FA/73061) |
| Delivery round trip, ₹1 lakh, incl. DP | ₹237.82 = 23.8 bp | 2026-11-06 | Computed from the M01 · 1.7 charge stack, typical DP charge |
| Nifty futures round trip, 1 lot at 25,000 | ₹966 = 5.95 bp (STT 0.05% from 2026-04-01) | 2026-11-06 | Computed from the M01 · 1.7 charge stack |
| Closing price mechanism | Closing auction (live 2026-08-03; re-timed 2026-12-07) | 2026-11-06 | SEBI circulars 16 Jan 2026, 15 Oct 2026 (fetched 2026-11-06) |
| Expiry settlement price | Last 30 minutes of continuous trading: index from constituents' VWAP; stocks on VWAP across exchanges | from 2026-12-07 | SEBI circular 15 Oct 2026, para 4.9 (fetched 2026-11-06) |
| Retail algo framework | Exchange-tagged API orders via the broker, no open APIs, whitelisted static IP, registration above the OPS threshold, empanelled providers | all brokers from 2026-04-01 | SEBI circulars SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/0000013 (4 Feb 2025) and /2025/132 (30 Sep 2025) |
| SEBI action against Jane Street | Interim order 3 Jul 2025; ₹4,843.58 crore in escrow (PR 40/2025, 14 Jul 2025); most directions ceased (PR 45/2025, 21 Jul 2025); SAT reserved its order on the document plea 21 Oct 2026 (press) | 2026-11-06 | SEBI order and press releases; M08 · 8.12 Case B |