New Delhi: The stock markets have rewarded investors with impressive returns since Diwali 2023. The benchmark BSE Sensex has surged 25 per cent since November 12, 2023, while the BSE Midcap and BSE Smallcap indices soared by 49 per cent and 47 per cent, respectively. Market experts credit these strong gains to robust domestic inflows, which have lifted market sentiment over the past year.
As investors gear up for Diwali 2024, HDFC Securities has released its top 10 stock picks for Samvat 2081. These recommendations provide a strategy to maximise gains during this auspicious period. This year’s Diwali Muhurat trading session — a special one-hour session traditionally viewed as a symbol of good fortune — will take place on Friday, November 1, from 6:15 PM to 7:15 PM.
HDFC Securities said, "Overall, after a 28 per cent rise in Nifty since last Diwali, one can expect moderate returns over the coming year with higher volatility. We have shortlisted 10 stocks that could do well under these circumstances."
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He further added, "We believe bottom-up stock and sector-specific opportunities will continue to reward nuanced investors in the coming year as well. We have constructed a portfolio of 10 stocks that offer compelling investment opportunities – two well established mega caps, and 4 each in mid-cap and small-cap categories that are likely to offer relatively limited downside and superior upside potential."
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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