‘F&O trading is bad for almost 99% of retail traders’: Nikhil Kamath draws ITC parallel, says brokers need to diversify

Nikhil Kamath said F&O trading is bad for almost 99% of retail traders. He drew a parallel with ITC, noting that brokers must diversify as regulators tighten rules. A SEBI study showed 93% of individual traders lost money between FY22 and FY24, with total losses exceeding ₹1.8 lakh crore.