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Sebi Chief: Stay Calm Amid Global Market Storm
10 Mar
Summary
- Sebi urges investors to stay calm despite global market turbulence.
- India's strong domestic fundamentals are expected to help navigate volatility.
- Domestic investors, including individuals and MFs, now hold 36% of Nifty 50 free-float.
Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey urged investors on Monday to maintain composure amidst current global market turbulence. He asserted that India's strong domestic fundamentals provide a solid foundation to navigate this period of volatility.
Pandey highlighted the evolving sectoral composition of the Nifty index, noting the current dominance of financial services and Information Technology. He further pointed out the significant rise in domestic investor participation. Individuals and domestic mutual funds together now account for about 36% of the free-float market capitalization of Nifty 50 companies, underscoring their increasing role in the equity markets.
In separate news, National Stock Exchange (NSE) chief executive Ashish Kumar Chauhan stated that the exchange plans to appoint investment bankers this month to manage its upcoming initial public offering (IPO). Chauhan also mentioned that the regulator has permitted the exchange to proceed with a smaller public float due to the absence of an identifiable promoter.
