India will continue its ECM bull run

In recent weeks India's stock markets have staged a remarkable comeback after falling 10% over the course of two weeks in October. The Sensex has shot back past 9,000 and those who argued that India was entering a sustained downward trajectory are having to re-think their strategy. Here Ravi Kapoor, managing director and head of equity capital Markets for India at Citigroup, offers his views on issuance trends and market direction in 2006.