Global capital markets, which have been volatile in the current year, are likely to remain so due to various factors, a top SEBI 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 US Fed rate hikes, volatile oil prices, intensifying trade conflicts and sanctions.
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 major developed and emerging markets, Tyagi said.
The volatility in major developed and emerging markets such as the UK was 12 per cent), US at 16 per cent, China at 19 per cent, Japan at 17 per cent, South Korea at 14 per cent), Hong Kong at 19 per cent and Brazil 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 Dow Jones (- 0.01 per cent)," the SEBI chairman said.
Indian currency depreciation was also in sync with global trend, he said.