President's Message
Dear Members,
Greetings from ANMI!
As 2025 drew to a close, the year stood as a
testament to the complex interplay between global uncertainty and India’s
growing domestic strength. Global markets navigated a challenging environment
marked by trade disruptions, geopolitical tensions, and the rapid advancement
of artificial intelligence. Higher tariffs and volatile capital flows weighed
on sentiment, even as resilient global growth and easing inflation provided
pockets of support.
In contrast, Indian capital markets charted a distinct
path. While foreign investor participation remained subdued, domestic
investors emerged as a powerful stabilising force. A sharp rise in retail
participation, steady inflows into market-linked savings instruments, and
robust primary market activity underscored the growing depth of domestic
ownership. Large IPOs and continued capital formation helped absorb external
shocks and reinforced confidence in India’s market framework.
On the macroeconomic front, India regained momentum in
the second half of the year, supported by sustained consumption, strong
public capital expenditure, and easing inflation, which enabled calibrated rate
cuts by the RBI. Despite pressures on the currency and a wider current account
deficit, India reaffirmed its position as the fastest-growing major economy,
supported by strong internal fundamentals.
Throughout the year, the analytical lens gradually
shifted—from assessing the impact of global and national priorities to
understanding the mechanisms of resilience: savings, investment,
ownership, and efficient intermediation. As external volatility intensified,
India’s internal market architecture increasingly became the anchor of
stability and growth.
Key Events & Engagements
ANMI actively engaged with market participants and
policymakers through several significant interactions during December 2025.
On 17 December 2025, I attended the programme on MCX’s
“Institutional Commodity Investing: Route to Wealth Creation” along with
Mr. Mahesh Desai, Director, NC, ANMI where I had the privilege of delivering
the Keynote Address. The same has been appropriately covered, along with
photographs, in this issue of the Journal.
On 19 December 2025, ANMI participated in an
interactive session organised by NSE with Shri O.P. Choudhary, Hon’ble
Finance Minister of the Government of Chhattisgarh. Mr. Kamlesh Shroff, Alternate
President, ANMI along with Mr. Mahesh Desai, Director, NC, ANMI and other
ANMI members, also attended the event.
On 11 December 2025, ANMI Alternate President Mr.
Kamlesh Shroff at NSE Participated in a conference with Hon'ble Dy.Prime
Minister, Italy along with Institutional Investors.
On 19 December 2025, ANMI Western Region in association with
NSE hosted a seminar on “Energy Derivatives @ NSE” in Rajkot—a city that
continues to be the heartbeat of Gujarat’s trading spirit.
Webinars & Knowledge Initiatives
ANMI continued its strong focus on member education and
capacity building through a series of insightful webinars:
A. NSE Member Portal App Webinar
ANMI National Secretariat on 5 December 2025, conducted a webinar on NSE
Member Portal App Primarily Relevant for Directors & Compliance Officers—featured
Mr. Jwalant Gandhi, Data & Projects, NSE. The demonstration
showcased real-time status updates, penalty details, circular access, and
chatbot features.
B. Emerging Opportunities in NSE Crude Oil Options
ANMI National Secretariat conducted another webinar on 11 December 2025 was
led by Mr. Anup Rijhwani, Product Strategy & Services, NSE. The
session focused on the role of commodity derivatives in portfolio
diversification and price risk management, while highlighting NSE’s initiatives
to develop strong crude oil price benchmarks.
C. ANMI WR Webinar on Crude Oil Trends
On 8 December 2025, ANMI Western Region, in collaboration with NSE,
decoded emerging trends in crude oil trading amid dynamic global energy
markets.
D. ANMI WR Knowledge Session
ANMI WIRC conducted a webinar on “niftyindices.com: Hidden Gems Among 420+
NSE Indices” and “Analysing Markets in Minutes with Cogencis Terminal”,
offering members practical insights into advanced market analysis tools.
Looking Ahead
We now look forward with great enthusiasm to ANMI’s 15th
International Capital Market Convention – 2026, themed “Tech, Trade
& Trust: Shaping the Future of India’s Capital Markets.”
For the first time in ANMI’s history, the Convention
will be held in Chennai on 10 January 2026, at Feathers – A
Radha Hotel. This landmark event will bring together regulators,
policymakers, industry leaders, and market participants to collectively shape
the future of India’s capital markets.
As Peter Drucker rightly said,
“The best way to predict the future is to create it.”
Together, let us continue to build resilient,
transparent, and forward-looking markets.
With warm regards,
CA K. Suresh
National President
ANMI