On the occasion of Muhurat trading on Diwali day, CNBC-TV18 spoke to analysts SP Tulsian, Ashwini Gujral, Sudarshan Sukhani and Mitesh Thacker to discuss their top stock picks for the near term and the year ahead.
Following a steady-but-not-spectacular performance in Samvat 2072 (8.5 percent up for the Sensex), shares are again likely to post similar returns in the year ahead as a revival in consumption gives earnings a fillip, according to analysts.
Fireworks illuminated the evening sky, earthen lamps dotted houses and lights decked up buildings as people exchanged sweets and gifts on the occasion of Diwali.
At the Multi Commodity Exchange, gold for delivery in December fell by Rs 15, or 0.05 percent, to Rs 30,067 per 10 grams in business volume of 289 lots.
As Muhurat trading kickstarts Samvat 2073 on Sunday, the stage looks set for another robust performance for equities next year. But be mindful of these risks that could hit markets before next Diwali.
Panel of experts comprising of Ashish Shanker Hd-Invst Advisory, Motilal Oswal Pvt Wealth Mgmt, Nilesh Shah MD, Kotak Mahindra AMC, Gaurav Mashruwala, Financial Planning Expert and Prateek Sampat, Co-Founder, Sanctum Wealth Mgmt, discuss where should you be putting your money in Samvat 2073, which asset classes you should be in.
Market‘s ‘Big Bull‘ Rakesh Jhunjhunwala is confident that an economic recovery is at India‘s doorstep on the back of several factors including a slew of government‘s initiatives and a good monsoon.
According to Ajay Jain of astromoneyguru, Diwali 2016 to 2017 is expected to bring fortune for metal, oil & gas stocks. "I have dedicated Samvat 2073 for metal and oil & gas sector in global stock market," he adds.
India will see reasonable earnings growth over the next 6-9 months and that should give the market another leg of growth, feels Akash Prakash, Fund Manager & CEO of Amansa Holdings.