In Samvat 2079, the market had delivered a historic performance marked by significant milestones. Notably, the Nifty reached 20,000 on September 11, 2023, and the BSE Sensex scaled 67,900, underscoring the market's strength and positive momentum. The impressive gains of 24 percent and 31 percent in Nifty Midcap and Smallcap reflect a broad-based bullish sentiment, indicating increased investor confidence. As we move into Samvat 2080, optimism is likely to prevail among investors and market participants.
The surge in India's foreign direct investment (FDI) from $45.15 billion in 2014-2015 to a record high of $83.6 billion in 2021-2022 contributes to this bullish sentiment. Speculations about the conclusion of the US Federal Reserve's rate hike cycle further reinforced the positive market outlook.
However, the upcoming central and state elections next year may introduce additional volatility to the market. While the longer-term trend remains bullish, it's essential to acknowledge that the markets experience corrections, and every decline until the 18,000 level is considered a time to 'buy on dips'.
The investment strategy for Samvat 2080 revolves around identifying and leveraging growth vectors that will shape India's economic narrative in the coming years.
The Muhurat session, a special hour-long trading session considered auspicious for buying stocks, has seen varied performances over the years. This year's strategy involves creating a non-directional spread by selling one lot of 19,100 PE and one lot of 19,500 CE. The current data indicates a 62 percent chance that the strategy might yield positive returns on Muhurat day.
For those focusing on individual stocks, strategic considerations revolve around macro plays expected to unfold in the coming months. Sectors such as Nifty Pharma (Cipla, Marksans Pharma), Nifty Auto (Maruti Suzuki, TVS Motor Company), and Nifty Bank (Axis Bank & HDFC Bank) are positioned favourably.
Additionally, Nifty Realty (Oberoi Realty) and power-related stocks like Coal India, HPL Electric (Smart Meters), and RR Kabel (wires and switchgears) appear promising for potential growth.
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
