10 Stocks To Light Up Your Portfolio

With corporate earnings soaring and domestic investors growing wiser, there is a feast of opportunities waiting for investors this Diwali even amid geopolitical tension that has led to volatility. We bring you 10 exclusive handpicked stocks by top brokerages that you may consider to light up your stock portfolio

- Kundan Kishore

Diwali, the festival of lights, illuminates the hearts and homes of millions across India. Beyond the mere sparkle of lamps and the burst of fireworks, Diwali also carries immense significance in the realm of wealth.

That’s why Diwali is also the time when both seasoned investors and amateurs try to make strategic moves, hoping to ride the wave of luck and secure profitable investments.

In the year leading up to this Diwali (as on October 27, 2023), the market has proven to be quite favourable to investors. The S&P-BSE Sensex has delivered a little over 7 per cent, while both the mid-cap and the small-cap indices have surpassed this with a wide margin. The BSE Mid-cap and BSE Small-cap indices have delivered 24.24 per cent and 28.31 per cent, respectively, over the period, adding further excitement. Investors are now eagerly planning their next move to add more sparkle to their portfolio.

The only concern that could throw a spanner in the fireworks is some major “geo-political” upheaval and elevated global interest rates. After reaching a new high of 67,838 on the BSE-Sensex on September 15, 2023, the market has fallen by around 6 per cent (as we go to press) due to geopolitical concerns.

Unfavourable Global Factors

In India’s booming financial market, recent global challenges have caused a bit of uncertainty. The geopolitical tensions between Israel and Hamas have heightened concerns among investors about increasing geopolitical risks in the financial markets.

This conflict will potentially lead to a rise in oil prices and cause fresh challenges for the global economy, and more so for India.