Market regulator Sebi today cautioned the credibility of primary markets is at stake as retail investors on many occasions are left clueless about their returns as scores of stocks are trading way below listing price.
A panel of experts explain to CNBC-TV18 the various aspects of the Sebi‘s decisions and agree that the measures announced, if not sufficient, are positive and in the right direction.
Today, the Securities and Exchange Board of India (SEBI) board is likely to discuss comprehensive reforms to revamp the primary markets. As many as 18 regulatory amendments are likely to be deliberated.
According to Venkat Ramaswamy of Edelweiss Financial Services, the success of the MCX IPO will give a fillip to primary markets and will help revive demand in the segment.