- The Nifty50 declined around 12 percent during Samvat 2082 up to October 29, 2026, amid the West Asia conflict, elevated crude oil prices, rupee weakness and foreign investor outflows.
- Samvat 2083 begins on a cautious note, as an external energy shock overshadows a resilient economy: the West Asia conflict has kept Brent crude above $100/bbl, lifting CPI inflation to 5.54 percent in September and prompting a 25 bps repo rate hike to 5.50%.
- Motilal Oswal has picked 10 stocks for Samvat 2083, including Kotak Mahindra Bank, Adani Ports, Eternal, BSE, Shaily Engineering and Unimech Aerospace, with potential upside of up to 41 percent.
- Ventura Securities has selected six stocks, including Park Medi World, Paytm, Meesho, LG Electronics India and Ather Energy, with potential upside of up to 83.7 percent.
- Motilal Oswal noted that Samvat 2083 comes at a time when India is standing at a point where a resilient domestic economy is facing a challenging external backdrop.
- The brokerage believes domestic growth remains robust, with GDP at 7.8 percent in Q1 FY27, while budgeted capex of Rs 12.2 lakh crore and last year’s tax and GST relief support demand, and record SIP inflows have absorbed foreign selling.
Motilal Oswal and Ventura Securities have selected 16 stocks for Samvat 2083, with potential upsides of up to 84%. Motilal Oswal's picks include Kotak Mahindra Bank and Adani Ports, while Ventura highlights Park Medi World and Paytm.34
The Nifty index has faced a 12% decline during Samvat 2082, attributed to the West Asia conflict, rising crude oil prices, and foreign investor outflows. Despite these challenges, Motilal Oswal emphasizes a resilient domestic economy, with a GDP growth of 7.8% in Q1 FY27 and significant capital expenditure plans of Rs 12.2 lakh crore.1256
The brokerage anticipates a return to double-digit earnings growth, projecting Nifty EPS to grow 16%/14% YoY in FY27/FY28, compared to 5% in FY26. Nifty valuations are currently attractive at 17.5x forward earnings, 16% below the long-term average.
However, the report notes that Samvat 2083 begins cautiously, with external energy shocks overshadowing domestic resilience. The Brent crude price remains above $100/bbl, contributing to a CPI inflation rate of 5.54% in September and prompting a 25 bps repo rate hike to 5.50%.
“Motilal Oswal sees FY27 returning to double-digit earnings growth, with Nifty EPS expected to grow 16% in FY27 and valuations at 17.5x forward earnings, 16% below the long-term average. Record FII outflows of about $28b in Jan–Sep 2026 and a rupee near ₹95/USD have weighed on large caps.”
