Expect more Sebi action for a safer market: Tyagi
The Economic Times , Sep 11, 2018
The Securities and Exchange Board of India (Sebi) will soon take a call on fair market committee recommendations, with a view to achieving a bigger, cleaner and safer market.
The market regulator will sharpen its focus on improving governance for all participants, Sebi Chairman Ajay Tyagi said at the FICCI 15th capital market conference in Mumbai today.
Acknowledging that investor confidence is a priority, Tyagi asserted that corporate bond market has a key role to play to support higher growth.
“We also expect a lot more activity in the commodities market,” the chairman pointed out. He is of the view that commodity focus will push next growth wave in capital markets and price discovery in the primary market has become fairer than before.
“Focus on options and index futures will boost the commodity market,” Tyagi stressed.
The average size of IPO is up at Rs 1,900 crore now, from Rs 640 crore in 2015.
On economic trouble spots, Tyagi marked out rising oil prices, interest rates and geopolitical issues as key challenges.
Ease of doing business and market integrity have to be kept in balance, he added, hoping that recent Sebi measures will go a long way in boosting ease of doing business in India.
Tyagi took comfort from the fact that only companies with a certain degree of maturity are approaching the capital market.
As the market grows, we need greater governance norms to keep the faith and trust of investors: SEBI Chairman Ajay Tyagi