Here is a compilation of the top stocks leading research houses and brokerages have recommended for Samvat 2073
Indian businessmen sit beside their accounts books and electronic gazette as part of a ritual to worship the Hindu deity of wealth Goddess Lakshmi on Diwali in Ahmedabad.
Markets have been volatile in Samvat 2072 and saw a gain of around 10%. Among sectors, the S&P BSE Metal, oil & gas, consumer discretionary, auto, realty and banking indices have been among the key gainers, while telecom, information technology (IT) and healthcare indices lost ground.
In the past six years – from Samvat 2066 (calendar year 2010) – when the Nifty50 index surged nearly 23%, the markets have seen positive returns on four other occasions with the benchmark indices rallying between 9% - 27%. On two occasions, however, they ended weak.
Though analysts caution that markets are likely to remain volatile in Samvat 2073, they say outcome of the US Presidential elections; strategies adopted by the global central banks; corporate earnings growth in India; commodity prices, especially crude oil; and the progress on reforms, including tackling geopolitical concerns are some of the key factors that will have a bearing on the overall market sentiment.
State Bank of India (SBI), RBL Bank, L&T Finance, Natco Pharma, Kansai Nerolac, Finolex Cables, Wonderla Holidays, TVS Motor, Rico Auto, Zee Entertainment