Bangalore, India
19 September 2007
The
Indian
Exchange-Traded Securities Market
Report Published by Celent
Indian markets will continue to remain
a global favourite in the near future, due in large part to the
significant role of foreign institutional investors.
In just five years, India leapt from a state of primitive trading
infrastructure to one of the most modern exchange-traded securities
markets, comparable to the best in the world. Today, it is characterised
by two main stock exchanges that rank third and seventh in the world in
number of trades in equity shares, a strong trading and technology
infrastructure, a wide array of market participants, a paper-free
securities market, and T+2 settlement with straight-through processing.
In a new report, The
Indian Exchange-Traded Securities Market, Celent examines the growth
of this market, looking at how technology has influenced its rise as a
global top performer. The Indian market has garnered the attention of the
global investing community due to its high returns and widespread
international participation. Over the last four years, the Indian equity
market has outperformed most of the global markets, with an annual return
exceeding 30% each year. The market capitalization has reached US$1
trillion, and Celent expects it to reach US$1.4 trillion by the end of
2008.
The most significant investor group over
the past few years has been the foreign institutional investors, over half
of which are registered in the US and UK.
“High growth and globalisation of the
Indian economy and its corporate sector, coupled with investment-friendly
regulations and an efficient electronic trading systems are a continuous
source of attraction for foreign institutional investors,” says Sandeep
Hebbar, senior analyst and author of the report.
The 32-page report contains 26 figures and
two tables. A table of contents is available
online.
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