Five key factors that are likely to impact Indian equity markets in 2019

Here is a quick look at the factors that will play a key role in how the markets shape up in the next year.

Calendar year 2018 (CY18) turned out to be an eventful year that saw the S&P BSE Sensex and the Nifty50 react to the rise in oil prices, fall in rupee, rate hikes, trade war fears, FII outflows, worsening macros (twin deficits – fiscal and current), confusion over long-term capital gains tax among the Budget proposals and the IL&FS crisis.

On a year-to-date (YTD) basis, the S&P BSE Sensex and the Nifty50 have gained nearly 7per cent and 4 per cent, respectively. Analysts expect calendar year 2019 (CY19) to be equally volatile for the markets with a host of global and