Don't blame FPI sell-off alone, slowdown weighing on markets: Sebi chief

Ajay Tyagi says steps needed to improve FPIs sentiment have been taken, hints at impact of tepid corporate earnings on markets

Securities and Exchange Board of India (Sebi) Chairman Ajay Tyagi on Friday said that the fall in the market could not be fully attributed to foreign portfolio investors' (FPIs) sell off as both global and domestic slowdown were weighing on market sentiments.

Speaking on the sidelines of a seminar 'Onshoring the Offshore' at the Gujarat International Finance Tec-City (GIFT City)'s International Financial Services Centre (IFSC), Tyagi said whatever steps were needed to prevent further sell off by FPIs had been taken.

"There are other reasons pertaining to the economy. It is not just the FPI sentiment. Corporate earnings are not