Thank you all for your replies and kind words. I have been to a few Hi-Fi stores and tested out some systems.
I really like the sound of the Monitor Audio Silver 50 - the soundstage was awesome and the bass reproduction was quite impressive. My usual genres are RnB, Hip-Hop, Pop, Country, Rock, Spanish and Bollywood music and some classical too. I tried out the B&W 607 (I think), but wasn't taken by the sound; the Monitor Audio Bronze 50, I felt that the highs were a little more recessed compared to the silver; the KEF LSX and LS50W, wasn't taken by the sound of the LSX and e