2015 has been a year of
consolidation for the Indian Equities after the euphoric ride in 2014. The
Indian Markets in CY 2015 have witnessed lot of global events such as Greece
Crisis, Brazil Junk Rating and Chinese Meltdown. Indian Markets are still
eagerly waiting for the biggest event “Fed Rate Hike” which is scheduled in Dec
2015. Although analysts believe that wait on Fed decision will continue to
linger on until early 2016 until the global economic turmoil settles down.
On the domestic front,
Indian markets also paused their ecstatic ride because of the hefty valuations
and subdued financials results in the last few quarters. The Dalal Street was
also anticipating a favour from the Mint Street which was finally delivered on
29th Sep as a 50 bps repo rate cut. Markets are also expecting a
boost from the government in terms of reforms push and phasing out deadlock
around the key bills in Upper House of the Parliament. Bihar election verdict
on 8th Nov will also guide the direction of the market in the short
term.
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