Indian equity market third biggest in emerging Asia: ADB report

The Indian equity market has emerged as third biggest after China and Hong Kong in the emerging Asian region, with a market Bulls
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capitalisation of nearly $600 billion, a latest ADB report says.

According to the Asian Development Bank's 'Asia Capital Markets Monitor'report, the combined market capitalisation of all the equity markets in the Emerging Asia
region stood at $5,770 billion (about Rs 290 lakh crore) at end of March 2009.

Indian equity market's capitalisation at the end of March 2009 stands at $598.3 billion (Rs 30.13 lakh crore) which accounts for about one-tenth of the combined valuation of the entire emerging Asia region.

However, People's Republic of China is at the top of the chart with a marketcap of $2,347.4 billion followed by Hong Kong with $1,293.7 billion, the data compiled in the ADB report revealed.

The other markets in the emerging Asia region are - Indonesia, Korea, Malaysia, Philippines, Singapore, Taipei, Thailand and Vietnam.