New Delhi, March 12 -- India's booming derivatives market has become one of the most active in the world, with trading volumes exploding over the past decade. But according to Zerodha co-founder Nithin Kamath, the structural shift in the market-especially the dominance of weekly options contracts-may be making it harder for serious investors to hedge their risks.

In a recent post on X (formerly Twitter), Kamath argued that the rapid rise of short-dated Nifty options has fundamentally altered the structure of the market. While the surge in liquidity has boosted participation and trading activity, it may also be crowding out longer-dated contracts that professional traders rely on for hedging.

The issue becomes particularly visible during...