Voice Of Capital Market

Dear Members,
As we begin the new year, January 2026 has already proven to be a month of significant milestones, meaningful engagements, and continued progress for ANMI. It gives me immense pleasure to share key highlights that reflect our collective efforts and reaffirm ANMI’s role as the Voice of the Capital Market.
A defining highlight of the month was the successful hosting of ANMI’s 15th International Capital Market Convention 2026, which marked a historic milestone as the Convention was held for the first time in ANMI’s history in Chennai. Hosted at Chennai, on 10th January 2026, the Convention witnessed overwhelming participation and emerged as a remarkable success, both in scale and substance, ushering in a new chapter of regional outreach and strengthened national engagement.
The Convention was meticulously curated under the guidance of Mr. Hemant Kakkar, Convener, 15th International Capital Market Convention & Director, National Council, ANMI, with valuable support from Mr. K K Maheshwari, Co-Convener, 15th International Capital Market Convention 2026 & Director, National Council, ANMI, National Secretariat and TKK Region Secretariat. Their leadership and dedication played a pivotal role in the seamless execution of this landmark event.
We extend our sincere gratitude to the Chief Guest, Shri Tuhin Kanta Pandey, Chairman, SEBI, and the Guests of Honour, which includes MDs & CEOs of NSE, BSE, MCX, NCDEX, MSE, CDSL and NSDL, along with keynote speakers, panelists, sponsors, and all participants for their invaluable contributions, which enriched the deliberations and ensured the Convention’s grand success.
With the theme “Tech, Trade & Trust: Shaping the Future of India’s Capital Markets”, the Convention brought together an eminent gathering of policymakers, regulators, market infrastructure institutions, industry leaders, and market participants from across the country. The strong attendance and active engagement reaffirmed Chennai’s growing prominence as a key hub for financial and capital market discourse. The Convention not only strengthened industry dialogue but also reaffirmed ANMI’s steadfast commitment to shaping the future of India’s dynamic and evolving financial ecosystem.
Beyond the Convention, ANMI leadership remained actively engaged with key industry stakeholders. Myself, along with Mr. Kamlesh Shroff and other ANMI members, attended the AIBI event on 15th January 2026, fostering dialogue and collaboration within the broking community. 
Further, Mr. Kamlesh Shroff, Alternate President, ANMI; Mr. Mahesh Desai, Director, National Council, ANMI; and other ANMI members participated in ‘Samvaad’, organised by SEBI and NISM on 16th January 2026 in Mumbai, reinforcing ANMI’s continuous engagement with regulators and policy initiatives.
Knowledge dissemination and member capacity building continued to remain a key focus area. ANMI Western Region successfully organised webinars covering critical operational and regulatory topics, including Cash & Non-Cash Collateral and Margin Utilisation, Collateral Allocation Process, and Regulatory Reporting and common reporting errors. The sessions included detailed discussions on Segregation Reporting, a briefing on SA Reporting, and guidance on the Penalty Review Application process, including procedures for penalty waiver.
In addition, the ANMI Western Region also conducted physical seminars at Rajkot, Pune, and Ahmedabad, addressing various market-relevant topics and witnessing encouraging participation from members.
ANMI successfully concluded the ANMI Weekend Quiz with the 31st series on 10th January 2026, which once again received enthusiastic participation and widespread appreciation from members, making it a valuable and engaging learning initiative.
As India advances as one of the world’s fastest-growing major economies, capital markets will continue to play a pivotal role in supporting new-age industries, emerging business models, and inclusive wealth creation. Technological innovation, evolving regulations, and global integration demand that all stakeholders remain agile, compliant, and forward-looking. ANMI remains firmly committed to supporting its members through policy advocacy, structured dialogue, and continuous capacity building, ensuring that the interests of market intermediaries are well-represented while upholding market integrity.
Capital Market Industry Highlights (Dec ’25 – Jan ’26)
1. Strong Retail Participation & Market Depth
• Individual investor holdings in NSE-listed companies have surged more than fivefold since the pandemic, reaching approximately ₹84 lakh crore—a sign of deepening retail engagement in equity markets despite volatility.
2. Continued Domestic Institutional Support
• Domestic institutional investors continued net inflows in equities toward the end of 2025, helping bolster market resilience amid foreign outflows.
3. Policy & Regulatory Backdrop
• Strong policy focus on market structural reforms, liquidity management, and investor protection continues to shape capital market strategy heading into 2026. 
4. Positive Global Trade Signals
• Market sentiment received intermittent support from improved global cues such as optimism around trade agreements (e.g., India–EU FTA), lifting equity sentiment for financials and cyclicals. 
I thank all our members for their continued trust and participation. Together, guided by the principles of technology, transparency, and trust, we will continue to contribute meaningfully to the sustainable growth of India’s capital markets.
“We are stronger when we listen, and smarter when we share.”
– Rania Al-Abdullah, Queen of Jordan

Warm regards,
CA K Suresh
National President
ANMI