Indian equities are likely to continue its bullish run this year on the back of improved corporate earnings and RBI’s action on interest rates coupled with positive global trends, says an Assocham study.
The market trends in 2015 will be determined by various domestic and international factors like global market movements, strengthening of US dollar, RBI’s policy and visible improvement in corporate earnings of domestic firms.
Also overall positive shift in global markets will also have an impact on the Indian equities market.
“The year 2014 has been undoubtedly one of the good years for the Indian equity markets and in 2015 it is expected the growth spurt in coming year with more stability,” according to Assocham paper on ‘Indian Capital Market outlook for 2015’.
Also, the industry body said that IPO market is expected to have good movement in 2015 following the good secondary market growth as well positive investor sentiments.
The year 2014 witnessed a spurt of around 35 per cent in the BES’s benchmark index Sensex. Besides, mid-and small-cap indices have been even better performers with the BSE Mid-cap index gaining more than 50 per cent and the BSE Small-cap index rising as high as around 70 per cent.
In 2014, Rs 39,127 crore were raised from the public equity market.