Indian markets performed better than peers: Tyagi

Sebi chairman Ajay Tyagi on Friday said despite volatility in the bourses, the domestic capital market has performed better than its peers.

He said global capital markets have been quite volatile in the current year, and are likely to remain so due uncertain oil prices, move

towards more formal monetary policies by central banks across jurisdictions and the US-China trade dispute. These factors have also affected the Indian markets. "In terms of volatility, indices return, Indian markets have not performed much worse. In fact, they have been better off when you compare with either major developed economies or emerging markets," Tyagi said

in a speech at CII financial markets summit.

Citing some data, he said in April-November returns on Nifty have moved up by about 6.5 per cent. Although trailing the returns on Dow Jones (8 per cent), it is higher than stock indices of other countries such as UK (-1 per cent), China (-18 per cent), Brazil (5.7 per cent) and Japan (4.5 per cent).