MUMBAI / NEW DELHI, NOVEMBER 04, 2026 — During trading on Wednesday, November 04, 2026, domestic brokerage Shriram Research released its curated equity basket of 11 stock picks for Samvat 2083 ahead of the annual Diwali Muhurat trading session. The research portfolio features blue-chip and high-conviction mid-cap counters including Titan Company, ICICI Bank, Radico Khaitan, and Eternal, anchored around robust balance sheet fundamentals, resilient return ratios, and steady domestic consumption trends across Indian market indices dashboard benchmarks.
Key Takeaways at a Glance
- Institutional Basket: Shriram Research identified 11 individual equity picks for the traditional festive transition into Samvat 2083.
- Sector Concentration: Heavy weights are distributed across retail discretionary, private banking, specialty manufacturing, and consumer alcobev segments.
- Market Timing: The special one-hour Muhurat trading session provides token execution windows for institutional and retail participants on BSE and NSE.
Diwali 2026 Muhurat Trading Schedule & Calendar Timeline
Muhurat trading marks the commencement of the new Hindu accounting year, Samvat 2083. Both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) conduct a ceremonial one-hour trading window in the evening on Diwali, allowing market participants to enter token positions for auspicious portfolio initiation.
| Market Milestone | Calendar Date & Window |
|---|---|
| Brokerage Research Note Release | November 04, 2026 |
| Diwali Muhurat Trading Session (BSE & NSE) | November 2026 (Evening Window) |
| Samvat 2083 Calendar Commencement | November 2026 |
| Settlement Cycle for Muhurat Trades | T+1 Rolling Settlement |
Shriram Research Samvat 2083 Equity Selections Overview
The strategy note published by Shriram Research underscores a mix of quality compounders and margin-expansion plays. The research note specifies that corporate India enters Samvat 2083 supported by stable banking credit quality, lower corporate leverage, and capital expenditure tailwinds, balanced against external global interest rate dynamics.
| Key Counter Highlighted | Primary Industry Segment | Primary Listing Exchange |
|---|---|---|
| Titan Company | Consumer Discretionary / Jewellery | NSE & BSE |
| ICICI Bank | Banking & Financial Services | NSE & BSE |
| Radico Khaitan | Consumer Beverages / Alcobev | NSE & BSE |
| Eternal | Industrial & Specialty Manufacturing | NSE & BSE |
Sector Breakdown: Drivers Behind the Samvat 2083 Research Selections
According to coverage from Livemint and primary data filed with BSE India and NSE India, institutional strategies for Samvat 2083 reflect a calculated tilt toward businesses with strong domestic moats:
1. Banking and Financial Services Resilience
Large private lenders such as ICICI Bank continue to showcase healthy Net Interest Margins (NIMs), minimal gross non-performing asset (GNPA) stress, and steady underwriting expansion across retail and SME loan segments. Fundamental metrics compiled across Screener.in show sustained return on equity (RoE) compounding in top-tier private lenders over recent quarters.
2. Premiumization in Consumer Discretionary
Titan Company remains a prime proxy for formalization within the domestic jewellery and luxury watch ecosystem. Despite fluctuations in gold prices and import duties, organized retail operators have steadily captured market share from unorganized vendors, supporting double-digit revenue expansion during festive quarters.
3. Product Mix Upgrades in Consumer Alcobev
Radico Khaitan reflects the ongoing structural shift toward prestige and premium spirits in India. By focusing capital on higher-margin craft and single malt offerings, companies in this category aim to cushion against raw material volatility (such as extra neutral alcohol and glass packaging costs), expanding overall operating margins.
Broader secondary market liquidity has also been shaped by capital churn from primary offerings, as tracked in the recent IPO listing performance tracker and ongoing issues on the live IPO calendar and primary market schedule.
Balanced Investor Framework: triggers vs. Market Headwinds
- Domestic Growth triggers: Robust urban consumption, tax formalization, and steady domestic institutional investor (DII) systematic investment plan (SIP) inflows providing liquidity support.
- Balance Sheet Deleveraging: Many non-financial corporates operate with multi-year low debt-to-equity ratios, limiting balance sheet vulnerability.
- Valuation Multiples: Select large-cap consumer and banking names trade near historical median price-to-earnings (P/E) bands, offering valuation buffers against mid-cap froth.
- External Downside Risks: Global central bank monetary policy shifts, sustained crude oil price volatility, and potential export headwinds could cap broader index multiple expansion.
What to check before placing Muhurat orders
- Verify order execution limits carefully, as the 60-minute Muhurat trading window frequently witnesses elevated bid-ask spreads and liquidity surges.
- Audit quarterly balance sheet trajectories (such as Q2 FY27 earnings) and quarterly operating margins on BSE and NSE corporate disclosures.
- Cross-reference current P/E and price-to-book (P/B) multiples against 5-year historical averages to assess whether current pricing reflects operational fundamentals.
- Ensure allocation sizing aligns with your overall long-term financial plan rather than purely festive sentiment.
Frequently Asked Questions
What is the significance of Muhurat trading for retail investors?
Muhurat trading is a special one-hour evening trading session conducted by Indian stock exchanges on Diwali to commemorate the start of the new Hindu calendar year (Samvat). Market participants traditionally place symbolic buy orders to mark financial prosperity, though normal market risk and T+1 settlement rules remain fully applicable.
Which stocks did Shriram Research select for Samvat 2083?
Shriram Research identified a basket of 11 stocks for Samvat 2083, prominently featuring Titan Company, ICICI Bank, Radico Khaitan, and Eternal alongside seven additional high-conviction growth counters selected for earnings visibility and structural sector moats.
How does execution liquidity behave during the Muhurat trading window?
Because the Muhurat session lasts only 60 minutes, trading volume is concentrated into a compressed window. While large-cap index constituents retain tight bid-ask spreads, mid-cap and small-cap counters can experience brief liquidity spikes, making limit orders advisable over market orders.
SEBI Compliance & Statutory Disclaimer
The information and analysis presented on IPO Bulletin (ipobulletin.com) are for informational and educational purposes only and do not constitute financial, investment, or legal advice. Securities market investments are subject to market risks; please read all offer documents (DRHP/RHP) thoroughly before committing capital. Grey Market Premium (GMP) figures are unofficial, unregulated street estimates. Always consult a SEBI-registered investment advisor before making financial decisions.
Sources referenced: Livemint, BSE India filings, NSE India filings, Screener.in, Shriram Research institutional disclosures.
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