As Samvat 2079 nears, investors are anxious to know what’s next, especially when geopolitical tensions, global inflation, recession fears, high commodity prices, and hawkish central banks were the hallmarks of 2078.
The NSE Nifty 50 has lost1.92% so far from the last Diwali. The S&P BSE Sensex has also lost around 1.36% during the period.
Analysts are still optimistic about the growth of domestic flows and earnings of the Nifty-50 companies as commodity prices ease. The International Monetary Fund hailed India as the fastest-growing economy in 2023, adding to the optimism.
Downside risks such as global recession, high interest rates, flare-up in the ongoing war between Russia and Ukraine, or China-Taiwan standoff may lead to further disruption in the supply chain.
BQ Prime has complied a list of stocks with the highest return potential brokerages have recommended this Diwali.