Stock Market Analysts Bullish on India’s Outlook for Samvat 2080
As Samvat 2080 approaches this Diwali, stock market analysts are expressing optimism about the potential opportunities it holds for India. Despite global uncertainty caused by rising bond yields and the war in the Middle East, many analysts predict significant potential for growth in the upcoming Samvat 2080, particularly driven by the outcome of the 2024 general elections.
V K Vijayakumar, chief investment strategist at Geojit Financial Services, anticipates a flood of domestic and foreign institutional investment flowing into the market, propelling benchmark indices to new heights. Likewise, Pranav Haridasan, MD & CEO of Axis Securities, believes that India’s favorable position for growth will drive equities in the foreseeable future, supported by double-digit earnings growth and boosted by a strong banking system.
Reflecting on the previous Samvat, Samvat 2079 saw a bullish run since April, with Nifty50 outperforming the MSCI EM index and mid and small caps significantly outpacing large caps. Looking ahead, many analysts anticipate large-cap companies, particularly those in financials, capital goods, and automobiles, to lead the potential election rally.
Additionally, the market is expected to be positive for banks, capital goods, manufacturing, and pharma sectors, while urban consumption and commodities may face challenges. However, the ongoing volatility of crude oil prices and the Israel-Hamas conflict may add uncertainty to the market outlook.
Ultimately, amid global volatility, Samvat 2080 presents significant opportunities for India’s financial markets, attracting institutional investment and driving anticipated growth in various sectors. For updates on the stock market, visit these Diwali stocks and learn how foreign brands are betting big on Bharat’s bulging wallets.
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