Dec 2012, the kindest month for equity issues

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SummaryThe season of merriment has brought joy to the primary markets. Equity fund raising via public issues has helped India Inc garner more than R13,000 crore so far this December — the highest in the history of Indian equity markets.

the next two-three months. Experts feel the fund-raising party will continue as many big institutions, especially FIIs, have been re-allocating funds to Indian equities on hopes the government will continue with reforms.

“If the sentiment deteriorates, the public issue pipeline could be disturbed. We expect the secondary market mood to sustain,” said Prithvi Haldea, CMD, PRIME Database.

According to Bank of America-Merrill Lynch’s December fund manager survey, confidence in global economy will extend to 2013. It said global markets would strengthen next year as fiscal cliff fears ease. UBS and JP Morgan too are bullish on India, expecting markets to outperform next year.

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