New Delhi, Aug. 21 -- Shares of capital market stocks like BSE, Angel One and Motilal Oswal Financial Services cracked up to 6% in intraday deals on Thursday, August 21, after the Securities and Exchange Board of India (Sebi) chief said the market regulator is looking for ways to increase the tenure and maturity of equity derivatives contracts.

Speaking at the FICCI Capital Markets Conference today, Chairman Tuhin Kanta Pandey said that a consultation paper on the subject will be issued soon.

Derivatives trading has seen a sharp surge in India over the last few years among retail investors, even as more than 90% of the traders suffer losses, according to a Sebi study.

In a bid to protect investor interest, Sebi had to limit the number ...