Do you follow the stock market trends? If yes, then you must be aware of the recent surge in equity markets which has caught the attention of Chief Justice of India D Y Chandrachud. Inaugurating the new premises of the Securities Appellate Tribunal (SAT) in Mumbai, CJI Chandrachud expressed his concerns about the need for caution in the face of the significant surge in the stock markets. He advised regulatory authorities like Sebi and SAT to ensure stability and balance in the market.
The crossing of the 80,000-point milestone by the BSE has been described as an ecstatic moment, signifying India’s entry into a “stratospheric domain”. However, CJI Chandrachud emphasized the importance of regulatory authorities like Sebi and SAT in ensuring that everyone maintains their balance and nerves in the face of such wins.
With the increasing quantum of transactions and newer regulations, the workload for Sebi and SAT has also increased. CJI Chandrachud proposed the idea of opening new benches of the SAT to handle the rising workload and to ensure a stable backbone in the market.
He highlighted the vital role that Sebi and SAT play in fostering a stable and predictable investment environment, which in turn benefits the economic growth of the country. In the competitive world of finance, SAT serves as a referee, ensuring that all players abide by the rules.
As the stock market continues to surge, it is crucial for regulatory authorities to exercise caution and celebrate successes while maintaining stability. The advice from CJI Chandrachud serves as a reminder of the crucial role that Sebi and SAT play in the ever-evolving world of finance.
