Daijiworld Media Network - Mumbai

Mumbai, Oct 20: Despite a turbulent Samvat 2081 marked by geopolitical tensions and tariff wars, Envision Capital founder Nilesh Shah remains optimistic about India’s stock market outlook for Samvat 2082, forecasting double-digit returns in the coming year.

“I won’t be surprised to see double-digit returns over the next year,” Shah told NDTV Profit, adding that robust growth is expected during the second half of Samvat 2082 — between April and September 2026.

While tariff-related headwinds may persist until March 2026, Shah sees the current market phase as a strong opportunity for investors to deploy capital, given the more attractive entry-level valuations following recent drawdowns.

“The outlook for Indian equities across short, medium, and long terms remains positive. This period until March 2026 is ideal for capital deployment,” he said.

He also noted that falling interest rates, the government’s focus on capital expenditure, and potential foreign inflows could provide major support to the markets. “Foreign portfolio investors are currently underweight on India compared to global benchmarks, which could serve as a significant tailwind,” Shah added.

While gold and silver outperformed in Samvat 2081, Shah expects equities to “return in a big fashion” in the new Samvat year.