As India strides into Samvat 2082, the outlook for its stock market appears promising, with sectors like autos, financials, and power poised to lead the charge. According to Mahesh Patil, CIO of Aditya Birla Sun Life AMC, a combination of factors, including double-digit earnings growth, a resurgence in consumption, and a decrease in foreign investor outflows, are expected to fuel a significant market revival. Patil suggests that while the IT sector faced headwinds, it now represents a contrarian buying opportunity as valuations become increasingly attractive and India's macroeconomic outlook stabilizes.
Patil anticipates Nifty earnings growth to rise from single digits to 12-13% over the next 12 months, propelled by a recovery in consumption, easier monetary policies, and reduced outflows from foreign investors. Sectors that previously underperformed, such as IT, cement, and consumer goods, are showing early signs of recovery, thanks to factors like GST rate cuts, policy rate reductions, and improved liquidity transmission.
Several factors underpin this optimistic outlook. India's valuations, after a period of underperformance, have reset to near long-term averages, potentially drawing foreign investment back into the market. The automobile sector is expected to continue its strong performance following the festive season. Cement and consumer staples are likely to benefit from easing raw material costs, while the financial sector is predicted to see a revival in credit growth. Power utilities, particularly thermal and transmission, are emerging as promising investment options for FY26 due to a reviving power capex cycle.
Other experts echo this sentiment. Motilal Oswal's Rajat Rajgarhia believes India's markets are entering a broad-based growth phase in Samvat 2082, with financials, travel, and digital platforms leading the next wealth-creation cycle. He anticipates India's next 25 years will be defined by "size into growth," highlighting opportunities in top-tier companies, a rebound in consumption, and the rise of new-age technology and tourism sectors. Nimesh Chandan, CIO of Bajaj Finserv Asset Management, anticipates a market rerating driven by consumption, metals, and real estate. Chandan emphasizes that after a period dominated by capital expenditure, the spotlight is shifting towards consumption, which he views as a "5-to-10-year India story".
While the overall outlook is positive, some analysts suggest a selective approach. Mirae Asset Sharekhan has identified 12 promising stocks poised for growth in Samvat 2082, emphasizing value-buying opportunities in various sectors with strong fundamentals and projected revenue growth. HDFC Securities has also released its MoneyFest Diwali Picks 2025 report, pinpointing 10 'Buy' ideas across infrastructure, financials, consumption, and clean energy, with potential upsides ranging from 15% to 24%.
Furthermore, while traditional IT services faced challenges in Samvat 2081, emerging areas like AI, cloud computing, and cybersecurity have shown resilience. The IT industry's growth in Samvat 2082 is expected to be influenced by high-margin digital transformation projects, with companies increasingly investing in AI-driven solutions, hybrid cloud, and data frameworks.
Overall, the Indian market appears poised for a strong revival in Samvat 2082, driven by a confluence of domestic and global factors. While challenges remain, strategic investments in key sectors like autos, financials, and power, along with a discerning approach to emerging opportunities in IT and other areas, could pave the way for significant wealth creation in the coming year.
