Samvat 2080: A Deep Dive, Samvat 2081 : Outlook and recommendations (Nifty, Funds and Stocks)

Wishing all our readers a Very Happy Deepawali and a Prosperous New Year (Samvat 2081)

This week, we released our usual Deepawali Yearbook that summarises the last Samvat and our outlook for the coming one including a few stock picks.

• FII’s have pulled out almost 1 lakh crore over the past month on Chinese allocations + geopolitical issues (We don’t see this as a major issue as sooner or later FII’s would have to revisit India).

• Domestic MF’s cash kitties have swelled to 2 lakh crore with monthly SIP’s at >23k crores.

• Some major IPO’s including that of Swiggy would be hitting the markets this/next week.

• US elections outcome would be known on the 5th of November setting the near-term direction of the markets.

• We remain positive on equities and surely more so on large and mid-caps as most of the above liquidity + any FII comeback will find its presence in this space.

• Our Theme for Samvat 2081 is (Stay Invested but Err on the Side of Caution).

Samvat 2080 in Numbers

How we performed last year with our recommendations

Our Nifty Target of 26,000 was bang on and so were a lot of other calls. We went a tad wrong with private banks and interest rates.

Our outlook for the coming year Nifty (for stock and fund recommendations please check/download the yearbook on the following link)