Indian Brokers Name 41 Stocks and Two ETFs for Muhurat Trading Session

what happened

On the day of the traditional Muhurat Trading session, which opens the new Samvat 2028 year for Indian markets, several brokerages and research firms published their Diwali recommendations, according to TradingView. The selections include 41 unique stocks and two US-listed exchange-traded funds, spanning banking, automobiles, pharmaceuticals, IT, power, capital markets, infrastructure and manufacturing.

Nirmal Bang Institutional Equities put forward 24 stocks, 16 technical picks and 8 fundamental ones, with projected upside of up to 103%. IDBI Capital chose five shares with potential between 16% and 21%, Ashika named six stocks, and Samco Securities prepared twelve ideas, ten of them Indian shares and two ETFs. Samco's holding periods run from three months to the long term.

Samco framed its basket around last year's performance. It said the Nifty started the year at 25,869 points and ended it at 23,053 on October 30, a fall of 10.9%, while the Sensex lost 11.8%. According to the brokerage, its portfolio is meant to partly hedge against higher crude oil prices and a weaker rupee.

why it matters

Reports like these come out every year ahead of Diwali and reflect analysts' views rather than market decisions, since their target prices rest on the brokers' own assumptions. The broader backdrop matters more: Samco's data shows pharma and metals rose last year while FMCG and IT fell, highlighting how unevenly Indian sectors performed and why brokers stress diversification.

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