New Delhi, March 28 -- The markets are all anyone seems to be talking about these days, given the volatile swings and drawdowns in the wake of the Iran war with the US and Israel. Although the temporary halt to strikes announced by the US did help markets recover to some extent, it's clear we haven't heard the end of it yet.

The nervous energy in the market isn't just about fundamentals, it's being amplified by leveraged retail traders. India's margin trading market has hit Rs1 trillion, reflecting how tempting leverage can be: invest a small amount, borrow the rest, and take bigger bets on stocks you believe in. The growing pool of margin trades also means that reactions to volatility-often hasty and panic-driven-tend to amplify price s...