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Trade conflicts, oil price may keep global capital markets volatile: SEBI

The volatility in the Indian equity market which measured 12 per cent upto mid-December during the current fiscal, is among the lowest compared to major developed and emerging markets

Press Trust of India  |  Kolkata 

(Photo: Kamlesh Pednekar)
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Global capital markets, which have been volatile in the current year, are likely to remain so due to various factors, a top official said Thursday.

"The capital markets, globally, have been quite volatile during the current year and are likely to remain so in coming times on account of various factors such as rate hikes, volatile oil prices, intensifying trade conflicts and sanctions.

"The Indian have also been affected by these factors," told the 8th Conference, organised by IIM-

At the same time, the volatility in the Indian equity market which measured 12 per cent upto mid-December during the current fiscal, is among the lowest compared to developed and emerging markets, Tyagi said.

The volatility in developed and emerging such as the UK was 12 per cent), US at 16 per cent, at 19 per cent, at 17 per cent, at 14 per cent), Hong Kong at 19 per cent and 21 per cent, he said.

"During the current financial year (upto December 14, 2018), return of Nifty has moved up by about 5.8 per cent as compared to almost neutral return in (- 0.01 per cent)," the said.

On the domestic front, companies (NBFCs) and housing companies (HFCs) have been facing tight liquidity since September 2018, he said.

However much has improved on account of various steps taken by Reserve Bank of (RBI) in providing systemic liquidity, the SEBI said.

Indian currency depreciation was also in sync with global trend, he said.

Indian Rupee depreciated about 10.4 per cent, against US Dollar. Chinese currency was down 9.9 per cent, Euro 9 per cent, was lower by 11.7 per cent while saw slump by 18 per cent.

First Published: Fri, December 21 2018. 11:00 IST
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