spot_img
Saturday, June 25, 2022
No menu items!
More
    spot_img
    HomeBusinessRetail investors acting like shock absorbers in stock market: FM

    Retail investors acting like shock absorbers in stock market: FM

    -

    Markets

    PTI | New Delhi, June 07 | Updated on: Jun 07, 2022

    There is significant volatility in stock market as FPIs are on a selling spree

    Amid continuing volatility in the stock market, Finance Minister Nirmala Sitharaman on Tuesday said retail investors seem to act as shock absorbers even when foreign portfolio investors went away.

    Speaking at an event of the corporate affairs ministry as part of the Azadi ka Amrit Mahotsav, Sitharaman said that during the pandemic, there has been a very significant increase in retail investor numbers.

    “Retail investors have come in a big way that they seem to act like shock absorbers… if FPIs went away, our markets did not really have to show their ups and downs in a very distinct way because small investors in the country have come in a big way,” she said.

    Sitharaman is also in charge of the corporate affairs ministry.

    In March, the Central Depository Services (India) Ltd said the number of active Demat accounts opened with it touched the six crore mark.

    In recent months, the stock market has been witnessing significant volatility and foreign portfolio investors going on a selling spree amid tightening monetary policy actions to curb rising inflation and geopolitical tensions.

    Published on June 07, 2022

    You May Also Like

    Recommended for you

    Related articles

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Stay Connected

    0FansLike
    0FollowersFollow
    3,361FollowersFollow
    0SubscribersSubscribe
    spot_img

    Latest posts