<ul data-eligibleForWebStory="false">SEBI is closely monitoring the Indian futures and options markets to protect investor interests and ensure market stability.Concerns persist over a high concentration of trading in short-term expiries and speculative short-term trades.SEBI aims to encourage longer-dated contracts, genuine hedging, and long-term investing to improve the market ecosystem.Recent measures by SEBI include a shift to delta-based open interest metric and revised end-of-day limits for Index Options.