Publisher's Synopsis
Reforms in the stock market form one of the major success stories of the Indian economic reforms. The Indian stock market has gained a position of prominence both in terms of the number of companies listed and in terms of market capitalization. The breadth of the Indian market is increasing rapidly. This can be seen by the fact that the number of companies with a $15 billion-plus market capitalization has more than tripled since 2001. Similarly, in the $1-5 billion market capitalization bracket, the number has more than doubled over the same period. Indeed the listing of large-capitalization companies like Oil and Natural Gas Corporation Ltd (ONGC), Tata Consultancy Services Ltd (TCS), and National Thermal Power Corporation Ltd (NTPC) is increasing the breadth of the market thereby making the market more attractive for large and long-term investors.
