Equity markets got off to a great start with capital market deals worth $2.37 billion in the first quarter this year, registering a rise of over 86 per cent over the previous quarter, says a report. According to News Corp VCCEdge India Quarterly Deals report for the first quarter of this year, there were 45 ECM (equity capital market) deals in the January-March period of this year worth $2.37 billion, while in the October- December 2016, there were 22 such transactions worth $1.27 billion. Meanwhile, a slew of IPOs in 2017 make the equity markets a viable investment landscape, the report said, adding four of the five IPOs in the quarter were oversubscribed multiple times, showing buoyant market sentiment. "D-Mart, BSE and Radio City IPOs raised 23 per cent of deal value at $538 million," the report said. Meanwhile, value of deals for QIPs rose by $1,332 million in the January-March quarter as against last year, and the YES Bank and Hindalco Industries dominated the scene with a cumulative issue size of $1,252 million. Watch this also: [jwplayer tyeLp6hY] "In grim times for other investment options, the equity capital markets came through as a beacon, offering hope that buoyant sentiments and a multitude of IPOs expected to hit the markets in 2017 will make the ECM deals landscape a lucrative investment opportunity," said Nita Kapoor, Head India - New Ventures, News Corp and CEO, News Corp VCCircle.