Diwali 2026, Samvat 2083: As the Indian stock market prepare for the beginning of Samvat 2083, investors are looking forward to the traditional Muhurat Trading session during Diwali 2026, hoping for fresh opportunities and positive market momentum.
However, the new Samvat year begins against a backdrop of global economic uncertainty, geopolitical tensions, volatile financial markets and changing investment trends. While domestic investors have demonstrated resilience despite significant foreign institutional investor (FII) outflows, concerns around crude oil prices, interest rates and global technology valuations remain important factors to monitor.
Ahead of the festive season, Uday Kotak, Founder and Non-Executive Director, Kotak Mahindra Bank shared his perspective on the developments that could shape Indian financial markets and investment opportunities in Samvat 2083.
In his message, Kotak highlighted five key factors for investors to watch, ranging from India’s relative market valuations and the artificial intelligence (AI) boom to crude oil prices, interest rates and the importance of risk management.
Here are 5 key takeaways from Uday Kotak’s message ahead of Diwali 2026 and Muhurat Trading.
1] Indian investors showed remarkable resilience
Despite geopolitics, volatile global markets and significant FII outflows, domestic investors continued to demonstrate confidence in Indian equities.
2] India’s relative valuation picture is improving
After the correction in markets, India no longer looks as expensive relative to other markets as it did six to twelve months ago. Its higher-growth potential remains an important advantage.
3] AI is transformative, but valuations and leverage are a concern
AI will reshape the global economy, but heavy borrowing and investment behind the AI boom have created pockets of significant overvaluation. A correction in the global AI trade could potentially lead to flows returning to India.
4] Oil and interest rates are key risks to watch
Higher crude prices remain a vulnerability for India because of its high import dependence. On rates, he expects the overnight repo rate to move up by another 50 to 75 basis points from current levels, which could also create pressure on long-term bonds and yields.
5] For investors, quality and risk management matter more than short-term calls
The central investment message is to think medium-term, be strategic and focus on quality companies. Traders, particularly in derivatives, should maintain enough financial capacity to withstand volatility and avoid excessive risk.
Disclaimer: We advise investors to check with certified experts before making any investment decisions.
