“India’s macroeconomic foundation remains solid”: Angel One founder affirms confidence amid Jane Street probe

Dinesh Thakkar, Founder and Chairman-MD of brokerage firm Angel One, affirmed confidence in India’s’ financial markets, asserting that the domestic market landscape is not dependent on any one firm.

- 

These remarks from ‘Thakkar come close on the heels of SEBI alleging Jane Street, a US-based investment firm, of index manipulation.

In the 105-page interim order dated July 3, SEBI has imposed to recovery of one of the highest ever illegal gains made by the Group worth Rs 4,843.57 crore.

"With millions of active retail traders and deepening institutional activity, India’s market opportunity is’structural, not eyelical and certainly not dependent on any one firm," the Angel One founder wrote on LinkedIn, affirming bullishness on the market dynamies.

"India's macroeconomic foundation remains solid. Political stability, favourable demograph-ies, strong domestic consumption, rising domestic capital flow’ and low inflation continue to support high liquidity and sustained market participation," he added in his post. "When one player exits, others step in and often, very fast!”