Saturday, September 26
In the wake of market regulator Sebi’s sweeping crackdown on U.S. trading firm Jane Street, billionaire banker and founder of Kotak Mahindra Bank, Uday Kotak, has flagged three key concerns about the structure of India’s stock markets. He cautioned against the rising dominance of money power, the widening gap between single-stock and index derivatives liquidity, and business models that prioritise volumes over fundamentals.“Recent stock market actions signify 3 aspects: money power, low liquidity in single stocks vs. index derivatives, exchange, broker business models linked to volume, less to fundamentals. Primary role of market is to promote capital formation, fair price discovery,” Kotak posted on X (formerly Twitter) on Saturday, July 5. <blockquote class="twitter-twe
