This book is the result of the collaborative efforts of the Indian School of Business and Nomura Institute of Capital Market Research… The volume is a snapshot of the state of evolution of markets, their strengths and weaknesses. It is an exemplary assessment of all the facets of capital markets in our country…The book had a large number of tables, figures and appendices, which provide a wealth of data. It is an excellent contribution to the study of capital market and is useful for students of finance, professionals, regulators and all interested in capital market.