News

Diwali Muhurat Trading 2025: Zee Business Managing Editor Anil Singhvi has set an upbeat tone for the next Samvat, projecting the Nifty 50 to move towards 29,100–30,000 levels by next Diwali, with a strong support base at 24,300. Singhvi believes this support would hold firm unless there is a major global shock.

Singhvi expects a broad-based rally over the next one year, led by inflation-friendly sectors and consumption-driven momentum. He said, “Only a global event of large magnitude can break Nifty’s 24,300 support.”

According to him, the domestic market remains structurally strong and any correction should be viewed as an opportunity to accumulate quality stocks.

Singhvi sees inflation-linked sectors leading the charge from Diwali to Diwali. He expects a “consumption boom” driven by potential income tax cuts, interest rate cuts, and GST reductions, which could spur strong demand in FMCG, consumption, and gems & jewellery stocks.

Among financials, NBFCs and PSU banks are likely to post robust earnings growth, while infrastructure, mutual fund, and wealth management firms could see strong traction.

On the flip side, metals may witness high volatility, and wire segment stocks could struggle due to margin pressures. Singhvi advises a ‘buy on dips’ approach for auto, defence, and renewable energy stocks, while cautioning that IT stocks may continue to face headwinds. “Only those IT companies with significant AI-driven revenue potential will outperform,” he added, noting that traditional IT buybacks are no longer attractive.

On the global front, Singhvi projects the Dow Jones Industrial Average to move toward 48,000–48,500, before witnessing a 10 per cent correction between January and March 2026. Post correction, he expects a strong rebound, with the final target around 50,000.

He also anticipates continued weakness in the US dollar and flagged a potential risk related to Donald Trump’s political developments, which could trigger volatility in American or global markets.

Singhvi believes India will remain resilient to global corrections. “Our markets have not run excessively, so if US markets fall sharply, India may see only half that fall,” he noted.

He expects any early-2026 correction to provide a “final golden opportunity” for investors. “The decline in early 2026 will set the stage for a strong upside rally, potentially doubling from those lower levels,” Singhvi added.

Abhay Shukla is a Senior Sub-Editor at Zee Business, where he covers the stock markets, corporate news, personal finance, technology, and auto sectors.

Prior to joinin