STT hikes backfire? Zerodha's Nithin Kamath says traders are moving to ‘riskier options trades’

Zerodha's Nithin Kamath warned that higher securities transaction taxes and other curbs on futures and options trading may have pushed traders toward riskier behaviour. On Zerodha, about 50% of individual futures traders and 40% of option sellers were profitable, compared with 10% of option buyers.