Reports on September 24 suggested that the Securities and Exchange Board of India (SEBI) had initiated consultations with brokerages for the removal of weekly options expiry, triggering a sell-off in capital market stocks. CNBC-Awaaz, citing sources, said SEBI had met large brokerage firms and asked for written suggestions on derivative contracts.
Reacting to these reports, Zerodha co-founder and CEO Nithin Kamath dismissed the claims, saying no such consultation has taken place to the best of his knowledge. He stressed that SEBI always engages with industry players before implementing major regulatory changes, and called out the reliance on “sources” without basic verification.
“There hasn’t been a consultation with any of the brokers to the best of my knowledge yet. SEBI always consults the industry players before big regulatory changes. All this reporting based on ‘sources’ without basic verification is not good journalism,” Kamath said in a post.
There hasn't been a consultation with any of the brokers to the best of my knowledge yet. SEBI always consults the industry players before big regulatory changes. All this reporting based on "sources" without basic verification is not good journalism. pic.twitter.com/a1dzUdIUrP
— Nithin Kamath (@Nithin0dha) September 25, 2025
On Tuesday, the Nifty Capital Markets index fell 1.4% to 4,247, with Anand Rathi dropping 3% and CAMS falling 2.7%, after the initial CNBC-Awaaz report.
