VVM’s Shree Damodar College of Commerce and Economics and Metropolitan Stock Exchange Investor Protection Fund Trust, Mumbai jointly organised a national-level webinar on the theme ‘The Impact of the COVID-19 Lockdown on Investments and the Indian Capital Market’.
The webinar saw around 558 participants; including participants from Saudi Arabia and Zambia.
It was organised in three sessions. The first session was themed as ‘SEBI and the Securities Market’. Speaker for the session was manager, investor awareness division, office of investor assistance and education, Securities and Exchange Board of India (SEBI), Mumbai, Arun Panigrahi.
Panigrahi began the session by highlighting the present situation of the Indian economy and the Indian stock market through brief key statistics. He introduced the Securities and Exchange Board of India by focusing on the measures taken by SEBI to enhance the efficacy of the Indian capital market. He thoroughly explained all the major developments undertaken by SEBI and the recent trends in the primary, secondary, and commodities derivatives market in India.
Panigrahi also explained the impact of COVID-19 on the Indian capital market and the steps taken by SEBI to minimise the impact of COVID-19 crisis. He also spoke about the online grievance redress mechanism during the COVID-19 crisis setup by SEBI namely, SCORES (SEBI Complaints Redress System).
The speaker for the session on ‘Impact of COVID-19 on Investment and Capital Markets’ was assistant vice president, Metropolitan Stock Exchange of India Limited, Mumbai, BM Khaja Mohideen. He explained the impact of the lockdown on the Indian capital market and businesses and highlighted key aspects like India’s gold demand situation, RBI announcements during the lockdown, etc. Mohideen highlighted the several positive signs of the revival of the Indian capital market and concluded the session by elaborating on how to plan investments in the Indian capital market during the COVID-19 crisis.
The third and last session on ‘Role and Responsibilities of Depositories’ was conducted by assistant manager, National Securities and Depository Limited (NSDL), Mumbai, Candelina Rodrigues who initiated the session by mentioning an article that dealt with the history of numerous uncertain events: black swans that have led to human disruptions and COVID-19 is one such black swan.
She introduced NSDL by highlighting that it is the first and largest depository in India and also in the world and continued the introduction by briefly describing the progress of NSDL. Since there were many students among the participants, she focused her presentation on starting to invest in the capital market by explaining the features and benefits of Demat Account and services of Depository Participants. She ended the session by explaining the various investor centric e-services and e-newsletters of NSDL.
There were several questions from participants on all the three online platforms where it was screened live. Select questions were put forward to all the speakers. E-certificates were also provided to all the participants.