Zee Business Brokerage Poll: Nifty likely to gain 10-15% by next Diwali; banks, metal, realty in focus

After a spectular bull run last year, the Indian stock market has headed for a new beginning with Samvat 2078. According to the data available with stock exchanges, the number of investors, especially retail investors, is growing at a rapid pace. Against this backdrop, we conducted a poll to understand the likley moment of key indices in the next one year period.

How will the market move till next Diwali? The Nifty and the Bank Nifty will rise how much? Here is what Zee Business Brokerage Poll has suggested. 

Nifty: Down

0-5% -0%

5-10% -0%

10-15% -0%

Nifty: Up

5% - 0%

5-10% - 55%

10-15% - 45%

Nifty Bank: Down

0-5%-0%

5-10% -0%

10-15% -0%

Nifty Bank: Up

5% -0%

5-10% - 40%

10-15% - 60%

Investors should expect only modest returns for the coming Samvat. It would be safe to remain invested in high-quality stocks in performing sectors like private sector banking; leading names in the mortgage, fintech and financial services; IT and construction-related segments- Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

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Sectors in Focus

Most experts believe that these are the sectors, which are expected to witness the boom - Banks, metal, real estate, suggested the Zee Business Brokerage Poll.

On the other hand, experts advise to avoid the pharma sector, as per the Zee Business Brokerage Poll.

"In Samvat 2078, markets may not maintain the same pace and see some profit booking at higher levels. However, we expect the sector and stock specific action to continue," Prem Prakash, CEO CapitalVia Global Research Limited

"We are still positive on equities and suggest investors to maintain equity allocation in SAMVAT 2078 as per their long-term strategic asset allocation," Raghvendra Nath, Managing Director, Ladderup Wealth Management.

(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)