Global capital markets likely to remain volatile: Sebi Chairman Ajay Tyagi

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 on 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.

"The Indian markets have also been affected by these factors," SEBI chairman Ajay Tyagi told the 8th India Finance Conference, organised by IIM-Calcutta. At the same time, the volatility in the Indian equity market which measured 12 percent 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 percent), US at 16 percent, China at 19 percent, Japan at 17 percent, South Korea at 14 percent), Hong Kong at 19 percent and Brazil 21 percent, he said.