SEBI raises position limits for index derivatives

Effective immediately, SEBI has increased the position limits for trading members (TMs) in index derivatives. The new limit is set at the higher of Rs 7,500 crore or 15% of the total Open Interest (OI) in the market, up from the previous limit of Rs 500 crore or 15% of total OI. The position limits will be applicable for index futures and index options separately.