HYDERABAD: The Securities Exchange Board of India (SEBI) is confident that the Indian market has matured enough and has a stability of its own.

"The market is yet to completely exorcise risk, but it is relatively stable," SEBI whole-time member G. Anantaraman said.

He was participating as chief guest at in the `investor awareness campaign' organised jointly by the Federation of Andhra Pradesh Chambers of Commerce and Industry and Hyderabad Stock Exchange here recently. He said that the market had moved away from merit-based to disclosure-based regime thus enabling investors to assess the risks before making their investments.

Though the market continued to be volatile, coherent functioningcorporates, regulator and investors would ensure the "delicate balance" that was required. He asked the investors to exercise caution while giving power of attorney to unregistered brokers to trade their shares, as there was scope for mis-utilisation.

The SEBI was working to streamline the disclosure process by setting up a common platform from where investors could access information about the companies they were planning to invest.

"But the investors should first decide as to whether they were entering the market for short term gains or are willing to stay," he said.

HSE chairman N.R. Sivaswamy said that awareness among investors was necessary as stock market was considered "unpredictable."

Printer friendly page  
Send this article to Friends by E-Mail