Samvat 2082 expectations: Markets could rebound after 12-month consolidation, say analysts

"On the global front, tariffs have led to major correction in risky assets globally and it also led to correction in Indian equities as FII flows have not been very encouraging for 2025," he added.

What to expect from Samvat 2082?

The analyst however noted that Samvat 2082 is expected to be better than 2081 as major risks to India's growth is expected to get negated till then. "Going forward, there are expectations of tariffs getting resolved in early part of 2026 and expected rate cuts by US Fed will be able to provide much needed liquidity to global risky assets and in turn benefitting Indian equities as well. On the domestic front, there has been rationalization on GST rates which is expected to boost domestic consumption. Meanwhile, RBI has also done 100 bps of rate cuts till to provide liquidity and lending support to retail and corporates," he added.

Chandraprakash Padiyar, Senior Fund Manager at Tata Asset Management, however said that Samvat 2082 ending in April 2026 is likely to be a range bound year with second half being better than the first half.

"We are in the early phase of Q2 earnings season and our impression is of a slower growth environment in terms of profits for the quarter. Second half especially Q4 i.e. January to March 2026 is likely to be the beginning of better performance from corporate India and Samvat 2083 looks very promising for the markets going ahead. We would advise to use this slow period to gradually build positions to benefit from better earnings growth over the next 12 months," he added.

Amisha Vora, Chairperson and Managing Director from PL Capital, sees optimism gradually returning to Indian markets as investors usher in Samvat 2082. "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,” the analyst said.

"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. 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," she added.

Which sectors will likely do well in Samvat 2082?

Vaqarjaved Khan added that sectors such as BFSI, consumption, auto and auto-ancillary and infra are expected to do well in in Samvat 2082. "Strong credit growth of 12-13% is expected to fuel the BFSI sector. GST cuts is expected to boost consumption and auto sector. Infrastructure sector continues to remain in focus for GOI and companies with strong order book will keep demand steady in this sector,” he said.

While the near-to-medium term trend for domestic equity markets could be volatile, given global economic uncertainty, geo-political tensions and the pending outcome of the US-India tariff settlement, PSU counters are expected to maintain optimism through Samvat 2082, said Navjeet Sobti, Almondz Global.

"With interest rates expected to come down further going ahead and the government's focus on boosting consumption post GST rate cut coupled with income-tax benefits to salaried class, we expect PSU banking stocks to stay in limelight on hopes of strong demand for loans. We also expect select PSU counters in the power sector to attract strong buying going ahead amid the government's move to accelerate spending on transmission, renewable energy, etc. While FII flows in domestic equities have been extremely volatile over the past few months, any positive outcome to the US-India trade deal and likely uptick in corporate earnings should revive overseas investors' interest in local equities," he added.

Prashanth Tapse from Mehta Equities said that Samvat 2082 will be marked by strong earnings growth across selective sectors like Auto & Auto ancillaries, PSU bank and NFBC. "Going forward, we expect the market leaders in these sectors to emerge as the top winners, driven by earnings visibility, structural tailwinds, and favorable policy support," he added.

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