SEBI Bulletin: Indian Markets Hit Record Highs Amid Global Leadership in IPOs and Digital Regulatory Overhaul
SDG 9: Industry, Innovation, and Infrastructure | SDG 16: Peace, Justice and Strong Institutions
Securities and Exchange Board of India (SEBI) | Ministry of Finance
The SEBI Monthly Bulletin for November 2025 reports strong investor activity and record market indicators for the preceding month, underpinned by a broad package of regulatory reforms aimed at boosting integrity and digital security.
Market Performance and Global Context:
Primary Market Milestone: Fund mobilization through IPOs reached a record ₹41,783 crore in October 2025, driven by high-profile listings like Tata Capital and LG Electronics India. The Financial Services sector accounted for 36% of the total mainboard IPO amount raised during FY26 up to October.
Global Leadership: India led the world in IPO issuances (volume) in October , with two domestic IPOs ranking among the global top five by value.
Secondary Market: Benchmark indices Nifty and Sensex posted robust MoM returns of 4.5% and 4.6%, respectively, outperforming MSCI World and EM indices for the first time in six months. The Mutual Fund industry’s Net AUM increased by 5.6% MoM to ₹79.9 lakh crore.
FPI Inflows: Foreign Portfolio Investors (FPIs) turned net buyers, recording ₹35,598 crore net inflows in October, largely attributed to moderated valuations and optimism around potential US-India trade talks.
Key Policy and Regulatory Developments (October 2025):
Digital Investor Protection: SEBI rolled out two key measures to curb fraud: “Validated UPI Handles” (using the exclusive “@valid” suffix) for registered intermediaries and the “SEBI Check” functionality, allowing investors to instantly verify the authenticity of intermediary bank accounts.
Market Efficiency: The regulator rationalized and standardized the penalty framework for stock brokers across exchanges, renaming penalties for technical lapses as ‘financial disincentives’ to ensure uniformity. Additionally, SEBI modified operating hours, price ranges, and order sizes for the Block Deal Framework under the T+1 and T+0 settlement cycles.
Advisory Simplification: SEBI streamlined compliance for Portfolio Managers (allowing inter-group transfers) and permitted Investment Advisers (IAs) to charge fees for a “second opinion” on client assets held under pre-existing distribution arrangements, enhancing consumer choice.
International Securities Market Highlights:
The Financial Stability Board (FSB) published a report highlighting challenges related to monitoring AI adoption and related vulnerabilities in the global financial system.
International Organization of Securities Commissions (IOSCO) reviewed the implementation of its recommendations for Crypto and Digital Asset Markets, focusing on enforcement and regulatory arbitrage risks.
The European Securities and Markets Authority (ESMA) proposed key reforms to facilitate the EU’s transition to the T+1 settlement cycle by October 2027.
Policy Relevance
This bulletin reflects SEBI’s active stance in balancing market growth with robust digital governance and risk mitigation, essential for India’s macroeconomic stability. The domestic policy focus on retail investor protection (via UPI validation) and internal governance (via the Conflict of Interest report deliberation) is critical for sustaining public trust in the face of record market valuations. Globally, SEBI’s reforms align India with international efforts to standardize capital markets (T+1 readiness) and proactively regulate emerging technology risks (AI and Crypto).
Relevant Question for Policy Stakeholders: How will SEBI ensure the integrity and effective implementation of the new conflict of interest disclosure norms to maintain the regulator’s credibility and deter future governance lapses?
Follow the full news here: SEBI Bulletin - November 2025