Samwat 2078: Key stocks to watch .. Do you know the target of Sensex, Nifty ..?
Samwat may be familiar to those who trade in the stock market. For those who don’t know, read this and find out. Let’s see what this has to do with this post.
Samvat is a calendar (Vikram calendar) founded by an Indian emperor Vikramaditya. The stock market celebrates the first day of this calendar. The day is also celebrated as the best trading day. It is celebrated on Deepavali Mr. Day. For example, you have to buy 1 gram of gold on Atsya Tritiya. It is said that buying on that day will add gold throughout the year. It is also the busiest trading day in the Indian stock market.
What is Samvat?
It is understandable to ask what Samvat is. Investors from Gujarat and Rajasthan were the ones who showed the most interest in the stock market in the early days. Rakesh Jhunjhunwala, also known as Warren Buffett of present-day India, is also from Rajasthan. Samvat is one of the things they started. That is, the first day of this Vikram calendar is called Samvat. It is said that if you do business on this day and make a profit, you will make a profit throughout the year.
Good boom in the current year
Experts predict that Samwat will make a modest profit by 2077. But so far in the current year, Indian indices have risen 36-37%. It has seen a surge in revenue recovery and a positive international index. This was the main reason for the rise in stocks.
Expert predictions
But now many factors are changing. Inflation in particular is on the rise. Many such factors are located against the market. In this scenario, Samwat predicts that domestic stocks could return 12-20% in 2078. However some have predicted that the market may slide slightly.
Sensex & Nifty
In particular, the Sensex is forecast to touch 72,000 points. The same Nifty is forecast to touch 21,500 points. A similar decline is expected to touch 55,500 points and the Nifty 16,500 points.
Ajit Mishra, an expert at Religare Broking, told ET that the Sensex is likely to touch 71,000 points and the Nifty 21,000 points.
Decline anticipation
The Sensex is expected to touch 55,000 points and the Nifty 16,500 points, according to Geojit Financial.
The benchmark codes in Samwat 2077 have touched 18,000 and 62,000 points for the first time in history. The Sensex ended at 48,443 in the same 2076 session, up 4,385 points, or 11.23%, over the previous year. In the same 2077, the Sensex touched a welcome high of 62,245. This is an increase of 18,607 points or 42.6% compared to the previous Diwali.
Expected in Samwat 2078
The Nifty has yielded 40% more returns so far in 2077. At the same time mid cap and small cap stocks are leading with 70% and 80% returns respectively.
Now that the economy is back on track, the growth rate of companies has begun to increase. The same growth rate is expected in 2078.
Development in many fields
The growth rate is expected to improve, especially in the banking, finance, technology, housing and insurance sectors. To further encourage this, the central bank’s interest rate is currently low. Many government stimulus measures have further favored the market.
What is the status of other sectors?
Sectors including electricity, railways and oil & oil are expected to grow in the medium to long term.
Other sectors such as travel, tourism, leisure and real estate, as well as subsidiaries such as cement and other construction materials, are expected to see good growth in Samwat 2078.
You can buy these shares
Meanwhile, stocks including ONGC, GAIL, HDFC Bank, TCS and SBI are expected to see gains. Thus experts have suggested that you can buy these shares.