Visakhapatnam: SEBI keeping close watch on market

Visakhapatnam: The capital markets in India have grown by leaps and bounds over the past two decades particularly with the Securities & Exchange Board of India (SEBI) support and infrastructure to encourage their growth, said by SEBI General Manager Krishnanand Raghavan here on Wednesday at GITAM Deemed to be University.

He participated as chief guest to deliver a distinguished talk on "Overview of Indian Securities Markets" organised by GITAM Institute of Management. He said that the SEBI has introduced an array of reforms in the primary and secondary markets and catalysed modernisation of the market infrastructure to prepare the market for the twenty first century. He mentioned that the increase of stock exchanges trading time,, improvement price-discovery mechanism, introduction of ASBA in IPOs, application of smart-technology to trading and allowing of Anchor investors in IPOs attracted foreign investors. Indian stock exchanges rank amongst the very best in the world, in terms of technology value and volume of business, he added. He also said that the SEBI is giving equal importance to investor protection to safeguard the investor interests keeping a check on frauds and unfair trading methods related to the securities market.

National Securities Depository Limited (NSDL) Assistant Manager Santhosh Reddy said that the Indian capital market has witnessed an unprecedented growth in the past few years which was made possible by the modernisation in the trading and settlement systems particularly the automation of the trading mechanism has given us a trading system comparable with the best in the world. He observed that the advent of automated trading brought with it several associated benefits such as transparency in trading and equal opportunity for market players

GITAM Institute of Management Director Prof.Y. Gowtham Rao, Department of Finance Head Dr MSV Prasad and others participated in the program.