Indian equity markets remain stable despite global instability

On Monday, Sebi Chairman Tuhin Kanta Pandey spoke about the Indian equity markets. He said they are not experiencing much volatility, even with challenges happening globally. Currently, the volatility index (VIX) in India is below 14, similar to levels seen last September. Pandey noted that during times of global turmoil, one would expect higher VIX levels. However, the Indian markets have remained stable. He mentioned that after recent market corrections, buyer interest has returned in the last few days. Pandey also discussed the importance of having enough independent directors in listed companies. Sebi will continue to urge the government to make the necessary appointments. He pointed out some progress on public shareholding rules for state-run firms and said Sebi will work with the government to help companies meet these requirements. He acknowledged that some companies may not attract buyers, even if the government offers to sell its stake in them.