New Delhi, June 21 (TIWN): Finance Minister Nirmala Sitharaman, while speaking at an event of the Corporate Affairs Ministry as part of the 'Azadi ka Amrit Mahotsav', had said that retail investors seemed to act as "shock absorbers" even when foreign portfolio investors kept their bets away from the Indian equity segment.

"Retail investors seem to act like shock absorbers... Even if FPIs went away, our markets did not really have to show their ups and downs in a very distinct way because small investors in the country have come in a big way," Sitharaman, who is also in-charge of the Corporate Affairs Ministry, had said.