Samvat 2082 proved to be a challenging period for the Indian stock market, marked by heightened volatility, persistent foreign selling, short-lived rebounds, and significant correction in the benchmark indices. Persistent international and domestic headwinds created ongoing strain on equity valuations, testing investor resilience despite the solid foundation of India's long-term economic expansion.
Key factors suppressing market confidence in Samvat 2082 included intensifying geopolitical conflicts, elevated crude oil prices, climbing global bond yields, a strengthening US dollar, and ongoing sell-offs by Foreign Institutional Investors (FIIs).
As a result, the key benchmark Nifty 50 index witnessed nearly 11 percent drop on year-to-date basis. The bearish sentiment extended beyond mega-cap stocks across the broader market.
As India prepares to celebrate Diwali this week, investors will welcome Samvat 2083 amid a challenging year for equities. Brokerage PL Capital’s Technical Research Desk has shared the stock picks for Diwali 2026. The report highlights 10 stocks selected based on technical indicators such as support levels, RSI reversals, breakout patterns, higher-low formations, and moving average support.
1. Apollo Hospitals: Buy, Target Price Rs 9,800 - 10,400 | Stoploss at Rs 7,000