<div id="readability-page-1" class="page"><div id="parent_top_div">Sebi chairman Tuhin Kanta Pandey on Saturday urged investors, especially retail ones, to remain patient, terming it the &#34;best strategy&#34; in uncertain times. In remarks made amid the Middle East conflict-induced selling pressures in the markets, Pandey said past episodes of turbulence in markets like the onset of the Covid-19 pandemic or the Russia-Ukraine conflict have shown that things stabilise eventually. The Sebi chief said global efforts are underway to restore stability, even as the ongoing tensions in parts of the world have created uncertainty in energy markets. &#34;For many investors -- especially retail investors -- the best strategy during such a period of uncertainty is to remain patient,&#34; Pandey said, speaking at an event here. The chief of the Indian capital markets regulator acknowledged that &#34;uncertainty&#34; dominates the global economic landscape, and added that the same is triggered by technology changes with the adoption of artificial intelligence and geopolitical tensions. Citing past experience, Pandey said, &#34;Markets experienced turbulence ... but they eventually stabilised.&#34; He went on to say that uncertainty is not an exception but a recurring feature in financial markets, and added that the real test of a system is to check if it continues to function smoothly, fairly and efficiently in the face of challenges. &#34;In uncertain times, the strength of a capital market does not lie in the absence of volatility. Volatility is a natural feature of markets. The real strength lies in the confidence that the system will function fairly, transparently and efficiently even during periods of stress,&#34; he said. India's capital markets can navigate the uncertainty and also emerge stronger if we continue to strengthen our institutions, deepen participation and uphold governance, he said. Efficient capital markets play a stabilising role in an uncertain world by sustaining investor confidence, enabling transparent price discovery and absorbing shocks, he said. &#34;Efficiency is the foundation of trust in the financial system. Without that trust, capital hesitates. Investment slows. And growth becomes more difficult to sustain,&#34; he said. The Indian capital markets have deepened and become more resilient over the last decade, Pandey said. In an era when markets are reacting instantly to narratives, the key question policymakers and market participants are grappling with is how to ensure speed doesn't compromise stability, Pandey said. Underlining that regulations alone cannot deliver efficient markets, Pandey said it is a shared responsibility which requires the collective commitment of the entire ecosystem.</div></div>

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印度证券交易委员会主席图欣·坎塔·潘迪呼吁散户投资者在全球市场不确定性中保持耐心，提到过去市场动荡的例子，如新冠疫情和俄乌冲突。他强调，不确定性是金融市场的一个反复出现的特征，资本市场的强大在于它们在压力下能够高效运作。潘迪指出，投资者信心和高效的资本市场在应对不确定性中至关重要，并表示仅靠监管无法确保市场效率，这需要整个生态系统的共同承诺

Sebi chief urges investors to stay patient amidst global market uncertainty

- 印度证券管理局主席 Tuhin Kanta Pandey 呼吁投资者保持耐心。  
- 他表示，在不确定时期，耐心是最好的策略，历史证明市场最终会稳定。  
- Pandey 强调资本市场需持续强化机构、加深参与和维护治理。

Sebi 负责人呼吁投资者在全球市场不确定性中保持耐心