Mumbai, March 29 -- Indian capital market is complex, and the regulator cannot adopt a sledgehammer approach by imposing a threshold-based curbs on retail investors for trading in futures and options (F&O), said Tuhin Kanta Pandey, chairperson, Securities and Exchange Board of India (Sebi), on Saturday.

"Any regulator in any sector needs to balance these two sides," the Sebi chief said at the Mint India Investment Summit and Awards 2025 in Mumbai.

He cautioned against a "sledgehammer approach", stressing the importance of nuanced, data-driven regulation to avoid stifling innovation. "F&O itself is a complex market. We cannot have a sledgehammer or a blunt approach; we need a surgeon's knife. We need to know exactly how otherwise innovat...