The study included top 13 stock brokers in EDS (combined client base of around 96 lakh unique traders in EDS as against around 107 lakh unique traders across market)Net losses incurred by individual traders widened by 41 per cent to Rs 1.06 lakh crore in FY25 compared to net losses of Rs 74,812 crore in FY24, according to a study by the Securities and Exchange Board of India (Sebi).The percentage of traders making losses in the equity derivatives segment (EDS) remained broadly unchanged at 91 per cent from an earlier study undertaken in FY24, it showed. The findings are based on a Sebi study carried on profits and losses made by individual traders in EDS for FY24-25. The study included top 13 stock brokers in EDS (combined client base of around 96 lakh unique traders in EDS as against around 107 lakh unique traders across market).“The study indicates that the net losses of individual traders widened by 41 per cent to Rs 1,05,603 crore in FY25 from Rs 74,812 crore in FY24 (after accounting for transaction costs),” the study showed.The regulator also examined a quarterly trend in participation and profit/loss outcome of individual traders during FY 2024-25. The number of unique individual traders in EDS declined from around 61.4 lakh in Q1 of FY25 to around 42.7 lakh in Q4 of FY25. This fall comes after Sebi, in November last year, announced a slew of six measures to strengthen the EDS framework. The derivatives measures were rolled out from November 20, 2024 onwards.During the first three quarters of FY25, the aggregate net loss across the individual traders and the average net loss per person were rising.“However, it is seen that in Q4 FY25, there is a reduction in losses of individual traders – both at aggregate as well as per person level,” the study showed.At aggregate level, however, the quantum of loss as well as percentage of loss makers is at a level higher than that observed in Q1 of FY25.Story continues below this adThe regulator carried out a study on the trading activity in EDS vis-à-vis the cash market for the period December 2024 to May 2025. The findings showed that following the introduction of Sebi measures in the F&O segment last year, the index options turnover declined by 9 per cent in premium terms on a year-on-year basis in the period.In notional terms, the turnover in index options was down by 29 per cent during the same period. The study showed that compared to two years ago, index options volume is up by 14 per cent (in premium terms) and 42 per cent (in notional terms).“Number of unique individual investors trading in EDS down by 20 per cent compared to previous year and up by 24 per cent from two years ago,” as per the study.According to the Sebi’S study the turnover of individuals in premium terms in EDS was down by 11 per cent year-on-year and up by 36 per cent over a similar period two years ago.Story continues below this adIndia continues to see a relatively very high level of trading in EDS, compared to other markets, particularly in index options, it said.© The Indian Express Pvt LtdTags:business newsSebi