New Delhi, Nov. 4 -- The Indian stock market is entering Samvat 2083 after a year of correction, consolidation and divergence across market segments. Persistent foreign institutional investor (FII) selling, global trade uncertainty and geopolitical tensions weighed on sentiment in Samvat 2082, even as corporate earnings remained relatively supportive.

However, Nuvama Wealth's Technical Desk believes the risk-reward for Indian equities is improving, supported by attractive valuations, extreme bearish positioning among foreign investors and potential triggers for a recovery. In its Diwali Picks 2026 report, the brokerage identified five stocks - Adani Energy Solutions, Coforge, KDDL, Punjab National Bank and Zydus Lifesciences - based on t...