Ashok Leyland was among the most active stocks on exchanges, rising more than 7 percent after strong sales data in December.

2015 will be a good year for Indian equities, believes Hiren Ved, director and CIO, Alchemy Capital Management. According to him, there are lot of macro positives like lower oil prices, slide in interest rates and a hope of earnings pick up from next quarter that might continue driving the market.

In an interview to CNBC-TV18, Ved says market may give double-digit returns this year led by a turnaround in the overall economic growth. He believes companies with good-shaped balance sheets will provide better returns in 2015.

Equity benchmarks continued to trade higher with the Sensex rising 136.94 points to 28024.84 and the Nifty climbing 37.25 points to 8432.70. The broader markets outperformed frontline indices with the BSE Midcap and Smallcap indices gaining 0.8 percent. The market breadth was positive. About three shares advanced for every share declining on the Bombay Stock Exchange.

Ashok Leyland was among the most active stocks on exchanges, rising more than 7 percent after strong sales data in December. The commercial vehicle maker sold 9290 units in the month gone by, up 48 percent compared to same period last year.

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