Indian stock markets are poised for continued growth in 2025, driven by strong economic fundamentals and a robust IPO market. The Nifty index reached 26,000 in 2024, with midcap and smallcap indices rising by 23%. Sectors such as realty and pharmaceuticals led the market, contributing to a 7% year-to-date growth in Nifty. Analysts anticipate market consolidation in 2025, influenced by both domestic and global economic factors. The IPO market, which saw over 90 companies go public in 2024, including 76 IPOs raising around Rs 1.3 trillion, is expected to remain strong, with projections suggesting that equity raised through IPOs could exceed Rs 2 lakh crore in 2025. Additionally, political events, including state elections and ongoing controversies surrounding the Adani Group, may impact market sentiment and performance in the coming year.