The important factors that may affect the stock market in 2015 would be global and domestic market environment, inflation, interest rate scenario, fiscal/trade scenario and reform actions from the Modi government which is taking strong steps for revival of the economy. An environment of positive growth, declining inflation and possible rate cut by RBI in early 2105 are the main catalyst for Indian equities. On divestment front, we expect more announcements on the first quarter of 2015. During that period, some volatility will be observed in the markets due to oversupply. However, we believe that the equity market’s momentum is likely to continue during next year also. Investors can use the volatility to pick strong fundamental stocks for long term.