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As Indian markets move into Samvat 2082, the mood across Dalal Street is cautiously upbeat. According to HDFC Securities, investors are entering the new year with a focus on selective buying, while keeping an eye on global trends and domestic fundamentals.

The brokerage noted that since the last Diwali, Indian equities have lagged most global peers, with benchmark indices largely moving sideways. Yet, several small- and mid-cap counters have managed sharp gains — a sign that opportunities still exist for investors willing to look beyond the frontliners.

HDFC Securities said this Diwali season marks a time for careful stock picking rather than chasing rallies, adding that disciplined investing in quality names could pay off in the months ahead.

Ahead of the Muhurat Trading session on Tuesday, October 21, analysts Vinay Rajani, Nagaraj Shetti, and Gajendra Prabu have shortlisted six stocks and one ETF as their preferred choices for Samvat 2082. These include Nestle India, South Indian Bank, Canara Bank, Aditya Birla Sun Life AMC, Jindal Stainless, and the Motilal Oswal Nifty Realty ETF.

1) Nestle India: The stock has moved past an inverted Head and Shoulders pattern, a classic signal of trend reversal. Analysts say the price action continues to form higher highs, suggesting firm momentum.

2) South Indian Bank: After months of consolidation, the stock has broken out of its range, with the 100-week moving average acting as strong support.

3) Jindal Stainless: The metal major has shown a clear breakout on weekly charts, continuing its pattern of higher tops and bottoms.

4) Motilal Oswal Nifty Realty ETF: The ETF’s long-term structure remains positive, mirroring the strength in realty counters.

The BSE and NSE will conduct the Muhurat Trading session today between 1:45 pm and 2:45 pm, a symbolic start to the new Samvat year.

Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate aff