India’s largest commerce and industry body, The
Associated Chambers of Commerce of India (Assocham) said 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.
In a study, Assocham said 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 was raised from the public
equity market.
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