Business

Monitoring stock market volatility, assures Sitharaman

The Centre and various regulatory bodies are closely monitoring the stock market volatility, Finance Minister Nirmala Sitharaman said on Tuesday.

migrator

New Delhi

Recently, market regulator Sebi issued guidelines to curb the heightened volatility caused due to the Covid-19 outbreak, she said at a media briefing on the Centre's plan to introduce new statutory and regulatory norms which will ease the economic fallout of the pandemic.

Besides, Sitharaman said that the Reserve Bank of India, along with the Ministry of Finance, are closely monitoring the stock market volatility.

The minister reiterated that the matter is of utmost concern to the government and that the Centre is in touch with regulators over it for at least three times a day.

Lately, the India VIX or fear index has jumped to touch new highs on the back of the investors' concerns over the economic fallout.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Anbumani removes GK Mani from PMK

Sabarimala pilgrim count crosses 30 lakh

Nightclub fire: Goa court extends police custody of Luthra brothers till December 29

Venkatesh Iyer may not be in RCB playing eleven at start of IPL: Kumble

Chennai Police arrest man for Rs 20 Lakh apartment lease scam