In India, We don't have separate group called independant analysts/ firms who doesnot involve in other market / corporate transactions in US or Europe. Even in well informed markets like US, there are serious analyst frauds leading to insider trading. So, its better to promote independant analyst firms for the sake of retail investors who are the less informed and major affected in emerging markets like India. Entities which involve in market / corporate transactions should be regulated not to offer research analysis or recommendations. Currently,Valuenotes and Myiris are good examples for independent analysis in Indian markets. This is the only way to preserve the integrity and openess of the market.
