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Samvat 2082 LIVE | Muhurat Trading LIVE | Diwali 2025 | Investment Strategies

Biggest Nifty gainers were Cipla, Bajaj Finserv, Axis Bank, Infosys, Grasim, while losers included Kotak Mahindra Bank, ICICI Bank, HCL Technologies, Max Healthcare, Asian Paints. Among sectors, metal, media, telecom up 0.3% each. The BSE midcap index rose 0.2 percent and smallcap index added nearly 1 percent.

Closing Bell: Sensex flat, Nifty above 25,850 on Muhurat day; smallcaps shine

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Biggest Nifty gainers were Cipla, Bajaj Finserv, Axis Bank, Infosys, Grasim, while losers included Kotak Mahindra Bank, ICICI Bank, HCL Technologies, Max Healthcare, Asian Paints. Among sectors, metal, media, telecom up 0.3% each. The BSE midcap index rose 0.2 percent and smallcap index added nearly 1 percent.

Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Company (AMC), believes that consumption remains the sparkling firecracker—a must-have for its multiplier effect in Samvat 2082.

Further, he noted that mid-cap IT also shows promise, driven by AI-led efficiency gains that outweigh concerns around H1B visa issues, which he believes are mitigated by various exemptions. According to Shah, the recent correction presents bottom-up buying opportunities, especially amid uncertainty in the US.

He emphasized that the Indian markets are likely to see more tailwinds than headwinds, underpinned by a strong domestic foundation. He added that USD weakness, policy chaos in the US, and overvaluation in US markets could potentially redirect foreign flows to emerging markets like India.

How would you summarise the journey from Diwali 2024 to Diwali 2025? What key learnings have emerged for you during this period?

The past Samvat was a tale of resilience amid strong headwinds. Nifty delivered modest 4-6 percent gains, lagging global peers, as FPIs and promoters sold relentlessly—citing high valuations, single-digit earnings growth over six quarters, India’s underperformance to peers, and unjust US tariffs hurting our exports, employment and growth.

Yet, DIIs and retail investors countered with steady buying via SIPs, buoyed by India’s intact long-term story. Government stimuli—Rs 1 lakh crore income tax cuts, Rs 1.96 lakh crore GST relief for the bottom pyramid on an annualized basis, EMI reductions saving another Rs 1 lakh crore as interest rate burden came down, and the 8th Pay Commission’s possible payouts in CY 2027—pumped money into pockets, fostering domestic momentum.

Markets traded sideways like a turtle, with no re-rating from 21x PE. Key learnings for me: Flows dictate near-term swings in a fear-vs-FOMO tug-of-war; fundamentals evolve slowly but prevail long-term; complacency on earnings is the real peril—stocks are slaves to earnings power, as Buffett says. I’ve learned to temper optimism with cash buffers for corrections.

As most experts believe the market has a strong domestic foundation, do you see more tailwinds than headwinds in the new Samvat?

Absolutely, more tailwinds than headwinds, anchored in a robust domestic foundation. Experts are right—India’s growth narrative endures, contributing alongside US and China. Tailwinds include stimuli igniting consumption: taxpayers, borrowers, and employees flush with cash will drive spending hopefully on swadesh goods and services, potentially exceeding earnings expectations in FY27.

USD weakness, US policy chaos, and overvalued US markets could redirect flows to EMs like India, the “cheapest” over five years per DIIs. Reforms unleashing entrepreneurship and a fair Indo-US tariff deal could rebound private capex.

Headwinds like FPI selling and IPO floods persist, but they’re momentum plays—DII/retail could create a FOMO (fear of missing out) amongst the sellers viz FPI/ Promoters and could flip them. Overall, domestic vigour should outweigh global jitters.

Are there any new major challenges you foresee for the market in the coming Samvat?

Yes, three loom large. First, earnings stagnation: If single-digit growth lingers into FY27 without tariff relief or capex revival, it erodes the valuation premium. Second, escalating US tariffs under a volatile administration could hurt GDP Growth and spooking FPIs further.

Third, promoter selling at peaks signals insider caution; high IPO supply could put pressure on markets. Complacency tops my worry list—we must sustain superior ROE and growth to justify valuations, or risk a derating.

The outgoing Samvat delivered modest gains of around 6%. Do you expect the market to perform better and deliver 10–15% or more in the new Samvat?

Can't predict short term returns. Valuation re rating isn't likely. Earnings growth will decide returns.

Moderate return expectations to high single digit to low double digit over medium term.

Which sectors do you believe could be the ‘firecrackers’ of the new Samvat and must-have in a portfolio?

Consumption remains the sparkling firecracker—must-have for its multiplier effect. Discretionary pockets will ignite travel/tourism (airlines over trains), home upgrades, health/education value-adds.

Government's Rs 4+ lakh crore annual pocket-fill (tax/GST/EMI/pay hikes) funnels here if spent locally, creating jobs and earnings.

Mid-cap IT sparks too—AI-driven efficiency trumps H1B noise (exemptions abound); correction offers bottom-up buys amid US uncertainty.

What advice would you give to new investors entering the market during this Diwali festival?

Enter with discipline, not festival frenzy. Focus on asset allocation across debt, equity, real estate and precious metal. Celebrate Diwali’s light but invest like it’s a marathon—steady wins.

Do you think Donald Trump could continue to pose a significant risk to global markets in the new Samvat?

Yes, significant—his tariff sabre-rattling already stung FY26 earnings and could escalate in Samvat 2082, hurting exports and spooking FPIs. Policy unpredictability amplifies USD volatility, but a “fair deal” might emerge if India leverages US supply-chain shifts. Still, it’s a tail risk; diversify beyond pure export plays.

Do you expect gold to continue its strong performance in the upcoming Samvat as well?

Likely yes, if central banks persist buying. Post-Russia’s $500 billion freeze, nations diversify reserves from fiat fears—gold/silver as “growth assets” shine sans yield. Monitor central bank purchases; as long as they buy there is upmove. If they sell there will be down move.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Daily Voice: Consumption remains sparkling firecracker for Samvat 2082, says Kotak's Nilesh Shah

Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Company (AMC), believes that consumption remains the sparkling firecracker—a must-have for its multiplier effect in Samvat 2082.

Further, he noted that mid-cap IT also shows promise, driven by AI-led efficiency gains that outweigh concerns around H1B visa issues, which he believes are mitigated by various exemptions. According to Shah, the recent correction presents bottom-up buying opportunities, especially amid uncertainty in the US.

He emphasized that the Indian markets are likely to see more tailwinds than headwinds, underpinned by a strong domestic foundation. He added that USD weakness, policy chaos in the US, and overvaluation in US markets could potentially redirect foreign flows to emerging markets like India.

How would you summarise the journey from Diwali 2024 to Diwali 2025? What key learnings have emerged for you during this period?

The past Samvat was a tale of resilience amid strong headwinds. Nifty delivered modest 4-6 percent gains, lagging global peers, as FPIs and promoters sold relentlessly—citing high valuations, single-digit earnings growth over six quarters, India’s underperformance to peers, and unjust US tariffs hurting our exports, employment and growth.

Yet, DIIs and retail investors countered with steady buying via SIPs, buoyed by India’s intact long-term story. Government stimuli—Rs 1 lakh crore income tax cuts, Rs 1.96 lakh crore GST relief for the bottom pyramid on an annualized basis, EMI reductions saving another Rs 1 lakh crore as interest rate burden came down, and the 8th Pay Commission’s possible payouts in CY 2027—pumped money into pockets, fostering domestic momentum.

Markets traded sideways like a turtle, with no re-rating from 21x PE. Key learnings for me: Flows dictate near-term swings in a fear-vs-FOMO tug-of-war; fundamentals evolve slowly but prevail long-term; complacency on earnings is the real peril—stocks are slaves to earnings power, as Buffett says. I’ve learned to temper optimism with cash buffers for corrections.

As most experts believe the market has a strong domestic foundation, do you see more tailwinds than headwinds in the new Samvat?

Absolutely, more tailwinds than headwinds, anchored in a robust domestic foundation. Experts are right—India’s growth narrative endures, contributing alongside US and China. Tailwinds include stimuli igniting consumption: taxpayers, borrowers, and employees flush with cash will drive spending hopefully on swadesh goods and services, potentially exceeding earnings expectations in FY27.

USD weakness, US policy chaos, and overvalued US markets could redirect flows to EMs like India, the “cheapest” over five years per DIIs. Reforms unleashing entrepreneurship and a fair Indo-US tariff deal could rebound private capex.

Headwinds like FPI selling and IPO floods persist, but they’re momentum plays—DII/retail could create a FOMO (fear of missing out) amongst the sellers viz FPI/ Promoters and could flip them. Overall, domestic vigour should outweigh global jitters.

Are there any new major challenges you foresee for the market in the coming Samvat?

Yes, three loom large. First, earnings stagnation: If single-digit growth lingers into FY27 without tariff relief or capex revival, it erodes the valuation premium. Second, escalating US tariffs under a volatile administration could hurt GDP Growth and spooking FPIs further.

Third, promoter selling at peaks signals insider caution; high IPO supply could put pressure on markets. Complacency tops my worry list—we must sustain superior ROE and growth to justify valuations, or risk a derating.

The outgoing Samvat delivered modest gains of around 6%. Do you expect the market to perform better and deliver 10–15% or more in the new Samvat?

Can't predict short term returns. Valuation re rating isn't likely. Earnings growth will decide returns.

Moderate return expectations to high single digit to low double digit over medium term.

Which sectors do you believe could be the ‘firecrackers’ of the new Samvat and must-have in a portfolio?

Consumption remains the sparkling firecracker—must-have for its multiplier effect. Discretionary pockets will ignite travel/tourism (airlines over trains), home upgrades, health/education value-adds.

Government's Rs 4+ lakh crore annual pocket-fill (tax/GST/EMI/pay hikes) funnels here if spent locally, creating jobs and earnings.

Mid-cap IT sparks too—AI-driven efficiency trumps H1B noise (exemptions abound); correction offers bottom-up buys amid US uncertainty.

What advice would you give to new investors entering the market during this Diwali festival?

Enter with discipline, not festival frenzy. Focus on asset allocation across debt, equity, real estate and precious metal. Celebrate Diwali’s light but invest like it’s a marathon—steady wins.

Do you think Donald Trump could continue to pose a significant risk to global markets in the new Samvat?

Yes, significant—his tariff sabre-rattling already stung FY26 earnings and could escalate in Samvat 2082, hurting exports and spooking FPIs. Policy unpredictability amplifies USD volatility, but a “fair deal” might emerge if India leverages US supply-chain shifts. Still, it’s a tail risk; diversify beyond pure export plays.

Do you expect gold to continue its strong performance in the upcoming Samvat as well?

Likely yes, if central banks persist buying. Post-Russia’s $500 billion freeze, nations diversify reserves from fiat fears—gold/silver as “growth assets” shine sans yield. Monitor central bank purchases; as long as they buy there is upmove. If they sell there will be down move.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Indian equity market ended the last session of Samvat 2081 on a positive note, extending the winning run in the fourth consecutive session on October 20 led by buying across the sectors.

Indian equity markets started the session higher with Nifty above 25,800 and extended buying helped Nifty to cross 25,900 amid buying seen in heavyweights like Reliance Industries and banking names on strong Q2 numbers.

At close, the Sensex was up 411.18 points or 0.49 percent at 84,363.37, and the Nifty was up 133.3 points or 0.52 percent at 25,843.15. BSE Midcap index added 0.7%, and smallcap index rose 0.6%.

In the Samvat 2081, BSE Sensex and Nifty jumped more than 6 percent each.

Nifty Bank crossed 58,000 for the first time and touched fresh record high of 58,261.55. However, despite profit booking it manged to close above 58,000.

The market will remain shut on October 21 and 22 for regular trading activities, but <a href="https://www.moneycontrol.com/news/business/markets/nse-to-conduct-one-hour-diwali-muhurat-trading-on-oct-21-from-1-45-pm-2-45-pm-13567255.html">NSE is conducting a one-hour special ‘Muhurat Trading’ session</a> on the occasion of Diwali on October 21 between 1:45 pm and 2:45 pm.

"As we usher in Samvat 2082, optimism is gradually returning to Indian markets. The year gone by tested investor patience, with India lagging global peers despite strong domestic fundamentals. However, the stage now appears set for an earnings-led recovery. Growth momentum remains intact, supported by structural reforms, the rollout of GST 2.0, income tax relief, and an accommodative policy stance that is easing liquidity conditions," said Amisha Vora, Chairperson and Managing Director, PL Capital.

"India’s GDP is projected to expand by around 6.8% in FY26 — among the fastest globally — underscoring the country’s resilient growth narrative. Valuations are reasonable, earnings downgrades have largely bottomed out, and domestic inflows continue to demonstrate remarkable strength even as foreign investors remain cautious."

"This creates a favorable setup for Indian equities to outperform in the new Samvat. While global headwinds such as trade frictions and slowing growth persist, India stands out as a macro-stable, liquidity-rich, and policy-supported economy. The coming year offers investors an opportunity to participate in India’s next leg of compounding, driven by revival in corporate earnings and broad-based economic expansion," she added.

Also Read: <a href="https://www.moneycontrol.com/news/business/markets/silver-down-8-from-record-highs-as-easing-trade-tensions-cap-safe-haven-demand-13624148.html">Silver down 8% from record highs as easing trade tensions cap safe-haven demand</a>

Reliance Industries, Shriram Finance, Bajaj Finserv, Cipla, Dr Reddy's Labs were among major gainers on the Nifty, while losers were ICICI Bank, Eternal, Adani Ports, JSW Steel, M&amp;M.

On the sectoral front, PSU bank index up 3%, oil &amp; gas, telecom up 1% each, while pharma, realty, metal, IT up 0.5% each.

Also Read: <a href="https://www.moneycontrol.com/news/business/markets/diwali-stock-picks-2025-motilal-oswal-selects-10-stocks-to-buy-at-the-onset-of-samvat-2082-13621649.html">Diwali stock picks 2025: Motilal Oswal selects 10 stocks to buy at the onset of Samvat 2082</a>

In stock-specific action, UTI Asset Management Company shares shed 4% on weak Q2 earnings, ICICI Bank shares slipped 3% post Q2 earnings, Reliance Industries jumped 3.5% as Q2 profit rises 14%, RBL Bank touched 52-week high on plan to sell majority stake to Emirates NBD, Federal Bank jumped 7% after Q2 results.

RPP Infra Projects shares gained nearly 2% on LoA of Rs 125.92 crore, Bank Of India share price added 5% as Q2 standalone profit jumps 7%, Dixon Technologies India shares down 3% despite Q2 profit up 71%, DCB Bank shares surged 13% post Q2 profit rises 18%, Ceat shares added 11% after Q2 profit jumps 52%, YoY.

Also Read: <a href="https://www.moneycontrol.com/news/business/ipo/record-rs-2-91-lakh-cr-mobilised-through-ipos-qips-in-samvat-2081-13624134.html">Record Rs 2.91 lakh cr mobilised through IPOs, QIPs in Samvat 2081</a>

Nearly 200 stocks touched their 52-week high on the BSE, including Ceat, AU Small Finance Bank, RBL Bank, Federal Bank, Radico Khaitan, Punjab Nantional Bank, Indian Bank, TVS Holdings, Bajaj Finserv, SBI, Bharti Airtel, Aster DM, Cipla, Bajaj Finance, Apollo Hospitals, Hero MotoCorp, TVS Motor, HDFC Bank, among others. <a href="https://www.moneycontrol.com/stocks/marketstats/bsehigh/index.php">Click to View More</a>

Outlook for October 23

Ajit Mishra – SVP, Research, Religare Broking

Markets began the week on an upbeat note and extended their upward momentum, largely supported by favorable domestic cues. The Nifty index opened firm with a gap-up and moved higher initially, followed by a range-bound phase till the end. It eventually settled at 25,843.15, up 0.52%. On the sectoral front, a mixed trend kept participants engaged, with IT, pharma, and banking leading the gains, while metal and auto traded on a muted note. The broader markets also displayed resilience, as both the midcap and smallcap indices advanced in the range of 0.4%–0.7%.

The market’s strength was underpinned by upbeat quarterly results from heavyweights such as Reliance, HDFC Bank, and ICICI Bank, along with expectations of sustained foreign inflows amid improving global risk sentiment. Additionally, the recent moderation in U.S. Treasury yields and a softer dollar further lifted investor confidence.

The continued buoyancy in the banking pack, coupled with rotational buying across other sectors, is driving the index higher with each passing session. As the Nifty approaches the 26,000 mark, some consolidation cannot be ruled out before a fresh breakout; however, the overall bias remains positive, with immediate support around 25,650 and major support near 25,450. We recommend maintaining a “buy on dips” approach, focusing on large-cap and quality midcap stocks that are showing consistent relative strength.

Rupak De, Senior Technical Analyst at LKP Securities

The market started with a gap-up and remained volatile throughout the day. On the higher end, Nifty touched a high of 25,926 before closing around 25,850. Though there was some profit-taking at higher levels, the overall sentiment is likely to remain strong, with the potential to reach 26,000–26,200 in the short term.

The technical setup remains positive as long as the index stays above 25,700, below which it may move back into consolidation.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decision.

Taking Stock: Market ends Samvat 2081 with gains; Sensex up 411 pts, Nifty at 25,850

Indian equity market ended the last session of Samvat 2081 on a positive note, extending the winning run in the fourth consecutive session on October 20 led by buying across the sectors.

Indian equity markets started the session higher with Nifty above 25,800 and extended buying helped Nifty to cross 25,900 amid buying seen in heavyweights like Reliance Industries and banking names on strong Q2 numbers.

At close, the Sensex was up 411.18 points or 0.49 percent at 84,363.37, and the Nifty was up 133.3 points or 0.52 percent at 25,843.15. BSE Midcap index added 0.7%, and smallcap index rose 0.6%.

In the Samvat 2081, BSE Sensex and Nifty jumped more than 6 percent each.

Nifty Bank crossed 58,000 for the first time and touched fresh record high of 58,261.55. However, despite profit booking it manged to close above 58,000.

The market will remain shut on October 21 and 22 for regular trading activities, but NSE is conducting a one-hour special ‘Muhurat Trading’ session on the occasion of Diwali on October 21 between 1:45 pm and 2:45 pm.

&quot;As we usher in Samvat 2082, optimism is gradually returning to Indian markets. The year gone by tested investor patience, with India lagging global peers despite strong domestic fundamentals. However, the stage now appears set for an earnings-led recovery. Growth momentum remains intact, supported by structural reforms, the rollout of GST 2.0, income tax relief, and an accommodative policy stance that is easing liquidity conditions,&quot; said Amisha Vora, Chairperson and Managing Director, PL Capital.

&quot;India’s GDP is projected to expand by around 6.8% in FY26 — among the fastest globally — underscoring the country’s resilient growth narrative. Valuations are reasonable, earnings downgrades have largely bottomed out, and domestic inflows continue to demonstrate remarkable strength even as foreign investors remain cautious.&quot;

&quot;This creates a favorable setup for Indian equities to outperform in the new Samvat. While global headwinds such as trade frictions and slowing growth persist, India stands out as a macro-stable, liquidity-rich, and policy-supported economy. The coming year offers investors an opportunity to participate in India’s next leg of compounding, driven by revival in corporate earnings and broad-based economic expansion,&quot; she added.

Also Read: Silver down 8% from record highs as easing trade tensions cap safe-haven demand

Reliance Industries, Shriram Finance, Bajaj Finserv, Cipla, Dr Reddy's Labs were among major gainers on the Nifty, while losers were ICICI Bank, Eternal, Adani Ports, JSW Steel, M&amp;amp;M.

On the sectoral front, PSU bank index up 3%, oil &amp;amp; gas, telecom up 1% each, while pharma, realty, metal, IT up 0.5% each.

Also Read: Diwali stock picks 2025: Motilal Oswal selects 10 stocks to buy at the onset of Samvat 2082

In stock-specific action, UTI Asset Management Company shares shed 4% on weak Q2 earnings, ICICI Bank shares slipped 3% post Q2 earnings, Reliance Industries jumped 3.5% as Q2 profit rises 14%, RBL Bank touched 52-week high on plan to sell majority stake to Emirates NBD, Federal Bank jumped 7% after Q2 results.

RPP Infra Projects shares gained nearly 2% on LoA of Rs 125.92 crore, Bank Of India share price added 5% as Q2 standalone profit jumps 7%, Dixon Technologies India shares down 3% despite Q2 profit up 71%, DCB Bank shares surged 13% post Q2 profit rises 18%, Ceat shares added 11% after Q2 profit jumps 52%, YoY.

Also Read: Record Rs 2.91 lakh cr mobilised through IPOs, QIPs in Samvat 2081

Nearly 200 stocks touched their 52-week high on the BSE, including Ceat, AU Small Finance Bank, RBL Bank, Federal Bank, Radico Khaitan, Punjab Nantional Bank, Indian Bank, TVS Holdings, Bajaj Finserv, SBI, Bharti Airtel, Aster DM, Cipla, Bajaj Finance, Apollo Hospitals, Hero MotoCorp, TVS Motor, HDFC Bank, among others. Click to View More

Outlook for October 23

Ajit Mishra – SVP, Research, Religare Broking

Markets began the week on an upbeat note and extended their upward momentum, largely supported by favorable domestic cues. The Nifty index opened firm with a gap-up and moved higher initially, followed by a range-bound phase till the end. It eventually settled at 25,843.15, up 0.52%. On the sectoral front, a mixed trend kept participants engaged, with IT, pharma, and banking leading the gains, while metal and auto traded on a muted note. The broader markets also displayed resilience, as both the midcap and smallcap indices advanced in the range of 0.4%–0.7%.

The market’s strength was underpinned by upbeat quarterly results from heavyweights such as Reliance, HDFC Bank, and ICICI Bank, along with expectations of sustained foreign inflows amid improving global risk sentiment. Additionally, the recent moderation in U.S. Treasury yields and a softer dollar further lifted investor confidence.

The continued buoyancy in the banking pack, coupled with rotational buying across other sectors, is driving the index higher with each passing session. As the Nifty approaches the 26,000 mark, some consolidation cannot be ruled out before a fresh breakout; however, the overall bias remains positive, with immediate support around 25,650 and major support near 25,450. We recommend maintaining a “buy on dips” approach, focusing on large-cap and quality midcap stocks that are showing consistent relative strength.

Rupak De, Senior Technical Analyst at LKP Securities

The market started with a gap-up and remained volatile throughout the day. On the higher end, Nifty touched a high of 25,926 before closing around 25,850. Though there was some profit-taking at higher levels, the overall sentiment is likely to remain strong, with the potential to reach 26,000–26,200 in the short term.

The technical setup remains positive as long as the index stays above 25,700, below which it may move back into consolidation.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decision.

Diwali Cheer Extends For Fourth Day| Nifty Hits 25,900 Intra-day, Banks Party| Closing Bell Live

12 out of 17 years BSE MIDCAP has given positive returns in October.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	46,781.30	46,882.34	47,019.92	46,643.72	46,542.68	46,405.10	46,304.06
Fibonacci	46,734.88	46,791.19	46,882.34	46,643.72	46,552.57	46,496.26	46,405.10
Camarilla	46,702.12	46,724.00	46,745.87	46,643.72	46,658.38	46,636.50	46,614.63

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