Amid heightened volatility in the financial markets due to the ongoing West Asia conflict, SEBI Chairman Tuhin Kanta Pandey has urged investors to remain calm. Addressing an event to celebrate 30 years of the NIFTY 50 in Mumbai last evening, Mr. Pandey said India’s domestic fundamentals have continued to remain strong and provide resilience amid such uncertainties.

Stating that global markets are currently experiencing turbulence as the war in West Asia has disrupted key shipping routes and triggered oil and gas supply shocks, leading to supply and demand-side disruptions, Mr. Pandey said India too is deeply impacted by such developments. However, the SEBI Chairman stressed that India’s underlying economic strength has helped it navigate multiple global shocks in the past and continues to provide stability to domestic markets. Mr. Pandey said NIFTY has navigated several such phases but over the long run, continued to reflect the strength and resilience of India’s growth story

While the Nifty was originally introduced as a benchmark index, Mr. Pancey said its role has expanded considerably over time. He added that the index today serves as a central reference point for institutional investors, mutual funds, and portfolio managers. Mr. Pandey further informed that since its inception, the Nifty 50 has increased around 25-fold, delivering a compound annual growth rate of around 11 percent

The SEBI Chairman said over the last thirty years, Nifty has become a mirror of corporate India, a barometer of investor sentiment, and a compass for the direction of Indian markets.