Indian Markets Show Resilience Amid Global Volatility

Sebi Chairman Tuhin Kanta Pandey discussed the impact of the West Asia conflict on global financial markets, citing the resilience of Indian markets. He addressed concerns around AI-related cybersecurity threats and the regulation of 'finfluencers.' Pandey announced Sebi's new 'Jagruk' initiative and plans to open an office in Bhubaneswar.

The ongoing conflict in West Asia has raised volatility in financial markets worldwide, yet the Indian bourses demonstrate resilience in weathering these challenges, according to Sebi Chairman Tuhin Kanta Pandey. Speaking at the Regional Investors Seminar for Awareness, Pandey emphasized the global economic ripple effects, including oil supply disruptions and inflationary pressures.

Pandey acknowledged some foreign portfolio investment outflows but noted domestic investors' sustained confidence. He also addressed emerging threats from AI tools in finance, highlighting cybersecurity as a chief concern. Pandey stressed the importance of safeguarding software systems to protect market integrity.

In regulatory developments, Pandey stated that 'finfluencers' must register with Sebi, noting the removal of 1.4 lakh unregistered advisory content. He unveiled Project 'Jagruk,' aimed at 360-degree investor engagement and awareness. Pandey also urged exploring municipal bonds for urban development and announced the opening of a Sebi office in Bhubaneswar.