Dun & Bradstreet is pleased to release the second edition of its publication, ‘India’s Leading Equity Broking Houses’. The overwhelming response received for the inaugural edition of the publication, released in 2007 positioned it as a unique, authoritative and comprehensive treatise on the equity broking industry in India.

The year 2007 will stand out as a remarkable one for the securities markets worldwide. Stock markets experienced an exceptional year, with record volumes of new capital issuance, surge in stock prices and market capitalisation. Of the 40 major stock markets that are tracked globally in as many as 35 markets, stock prices rose between 5% to 150% during the year.

In all probability the year 2007 may also be known as a major milestone for emerging markets, which posted record growth rates and witnessed huge gains in the securities markets, with China, India and Brazil taking the lead. A large number of emerging markets, big and small, showed a sharp rise in market activity in 2007, signifying the growing importance and influence of the stock markets in this group of countries, which caught the attention of a wide range of global and domestic investors. Growing maturity in the quality of intermediation was also evident across the markets this year. An interesting feature of the emerging markets is the greater resilience that is gradually building up in the market dynamics, which could auger well for pursuing sustainable growth.

In this background, this publication would play an important role in analysing trends, assessing developments, and disseminating useful information on the markets and its intermediaries to a wide cross section of constituencies in the global capital markets. Comprehensive data and profiles on the leading players and market participants presented in this publication would surely increase the depth of information and knowledge. It will help in forging business relationships within India and abroad, thus adding value for the equity broking industry, which is now emerging as one of the rapidly growing segments of Indian finance.

I hope you enjoy reading India’s Leading Equity Broking Houses 2008 and extend the similar warm reception that you extended to the first edition of this publication. I look forward to receiving your feedback and suggestions.

Dr Manoj Vaish
President & CEO - India
Dun & Bradstreet