Samvat 2074 has come to an end, with the headline indices closing the year with gains of up to 8%. While we are at the doorstep of Samvat 2075, here are some stock picks suggested by top Indian brokerages, to invest your money this Diwali 2018.
Samvat 2075: Samvat 2074 has come to an end, with the headline indices closing the year with gains of up to 8%. The BSE Sensex gained 8% during the year, while the Nifty gained 4% during Samvat 2074 — lower than the gains of the previous two Samvat years — while adding nearly Rs 3.5 lakh crore to its market capitalisation. In contrast, the broader markets bled during the year, with the Nifty small-cap index plunging over 20% and the mid-cap index down over 7.8%. Among the sectoral indices, IT, capital goods, consumer durables, FMCG and energy shares gained, while realty and metals were the losing sectors during Samvat 2074.
While we are at the doorstep of Samvat 2075, here are some stock picks suggested by top Indian brokerages, to invest your money this Diwali 2018:
Anand Rathi: Diwali picks 2018
|JSW Steel Ltd.||406||19%|
IIFL: Picks for Samvat 2075 (Source: CNBC TV18)
|Kotak Mahindra Bank||1380||17%|
Axis Direct: Technical picks for Samvat 2075
|Aditya Birla Fashion & Retail||208||22%|
|Dr Reddy’s Lab||2735||15%|