Sebi perplexed by surge in retail activity in equities
He brushed aside concerns over talk of government interference in the workings of the regulator.
Synopsis
In absence of the declared results, investors, financial analysts and media would attempt to come up with their own guesses about companies’ performances, which may be less reliable and potentially speculative information, he said.
Mumbai: The Securities and Exchange Board of India (Sebi) is “perplexed” by the record high retail participation in Indian equities since the lockdown, said chairman Ajay Tyagi. In an interview — his first since he took charge as Sebi chief in March 2017 — the reticent former bureaucrat, whose term as the ninth chairman of the capital markets regulator ends next month, expressed concern over the sharp surge in retail activity in the stock market
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