China Stocks Gain for Second Session

The Shanghai Composite climbed 0.6% to above 3,880 while the Shenzhen Component gained 1.2% to 12,980 on Tuesday, with mainland stocks rising for the second straight session as easing Sino-US trade tensions continued to support market sentiment.

US President Donald Trump said he expects to reach a fair trade deal with China’s President Xi Jinping during their meeting in South Korea later this month, while trade representatives from both nations are set to meet in Malaysia this week to help defuse tensions.

In corporate news, EV battery giant Contemporary Amperex climbed about 3% after reporting Q3 net profit growth of 41.2% year-on-year, up from 33.7% in Q2 despite intensifying competition.

Meanwhile, Foxconn Industrial jumped 4% after Apple announced strong iPhone 17 sales in both the US and China.

Foxconn is a major manufacturing partner for Apple.

Ashish Kyal, the CMT, Founder and CEO of Waves Strategy Advisors is extremely bullish on Nifty 50 for the Samvat 2082 which begins today.

He sees the index reaching towards 28,000 and eventually 32,000, aligning with its long-term forecast from 3-5 years ago.

He has picked five stocks - JK Tyre and Industries, Hero MotoCorp, Godrej Properties, InterGlobe Aviation, and BSE - for Muhurat trading day. "The top sector picks for the new year are consumer discretionary including auto and auto ancillary, financial sector, and IT," he said in an interview to Moneycontrol.

What do you expect from the Samvat 2082?

The biggest learning I've had from Samvat 2081 is to always expect the unexpected. Markets continued to climb despite various global events, including Trump's tariff announcements and geopolitical tensions. India, in particular, showed resilience by continuing to move higher despite a 50% tariff. The key takeaway? Ignore the noise and focus on charts, especially the two crucial indicators: price and time.

We clearly saw Bank Nifty touching lifetime highs recently, financial stocks have been doing well, 2-wheeler auto companies have started out performing which shows that we are in an early growth phase. This usually happens when the interest rate starts dropping and the interest sensitive stocks start coming out from the bottom. This rally is going to be broadly participated and we should start seeing even the underperforming sectors like IT to slowly and steadily reverse back on the upside.

What are the top 5 picks to buy on Muhurat trading for Samvat 2082?

JK Tyre and Industries

Tyre companies stocks have started to pick up the momentum. In which, JK Tyre is on the verge to give breakout of the Rounding bottom pattern on the weekly chart. Since past 3 weeks prices are showing formation of higher highs and higher lows suggesting buying interest from lower levels. For now, one can use dips as a buying opportunity with the aim of Rs 670 levels as long as Rs 310 remains protected on the downside.

Hero MotoCorp

Auto sector continued to shine. In which, Hero MotoCorp is expected to outshine post outperformance by its peers. The stock is probably moving up in the form of wave 3rd as per Elliott wave and upside target is near Rs 7,200 levels. On downside, Rs 4,800 is good support zone.

BSE

The stock is trading in a rising parallel channel and have recently bounced from the channel support which is a bullish sign. Prices are expected to start wave 3 on the upside and a break above Rs 2,560 level can confirm about the same which can push prices higher towards Rs 3,500 level with Rs 2,050 as an important support level.

InterGlobe Aviation

IndiGo is following higher highs and higher lows structure. Currently we are seeing attempt of gap filling which was formed at the end of August 2025. On the daily chart, post MACD crossover, green histogram continues to form over zero line indicating sustained buying. So, for now as long as price holds above Rs 5,600 level, a move to Rs 6,800 level followed by Rs 7,400 on upside is possible.

Godrej Properties

At the start of October 2025, prices reversed from major price action support area of Rs 1,950 level and have been protecting prior candle’s low on weekly basis ever since. One can use dips towards Rs 2,200 level as an opportunity to create fresh long with upside targets of Rs 2,800 or higher to Rs 3,000 followed by Rs 2,800 levels. On the downside, Rs 2,000 should remain protected.

What is your trading strategy for Muhurat Trading Day?

Based on past observations, Nifty often shows a gap-up opening on Muhurat trading, followed by consolidation and profit booking. Prices can touch 25,950 - 26,000 levels on Muhurat Trading day. Post this we can see short term profit booking the next day.

So, strategy is to buy the stocks from long term perspective and from index options trading sell OTM (out-of-the-money) options which can deteriorate as India VIX starts cooling off again.

Do you expect the Nifty 50 beyond 30,000 zone in new Samvat?

I'm extremely bullish on Nifty for the new Samvat. We could see it reaching towards 28,000 and eventually 32,000, aligning with our long-term forecast from 3-5 years ago. Despite pessimistic events, Nifty has shown relative outperformance. I anticipate money flowing back to India, with FIIs covering their short positions, potentially driving markets to new highs.

Will the Bank Nifty be the star performer in the new Samvat?

The Nifty Bank index has exhibited strong performance, reaching new all-time highs and outperforming the broader market. The momentum may continue into the new Samvat year with participation from Private sector banks as well!

Over short-term chances of minor profit booking cannot be ruled out post sharp rally but eventually Bank Nifty should head towards 69,000 levels in new Samvat.

What are your sector bets for Samvat 2082?

My top sector picks for the coming year are consumer discretionary including auto and auto ancillary, financial sector, and IT.

The IT sector, which has been lagging, should start catching up. However, it's crucial to watch price action for the next few weeks before making definitive bets on these sectors.

What is your take on the midcap and smallcap space for the new year?

One should keep close eye on Midcap 100 as it is expected to continue to take a lead in Samvat 2082. It has formed an inversed Head and Shoulders Pattern on the weekly chart. A break above 59,960 can confirm the breakout of the pattern and post which primary target as per right shoulder length comes near 64,600 levels.

Usually during the start of rally we see largecap performing well but eventually midcap and smallcap stocks starts catching up with good momentum.Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

The benchmark KOSPI Index climbed 1.8% to above 3,880 on Tuesday, scaling new record highs as optimism over US trade talks continued to fuel the rally.

Industry Minister Kim Jung-kwan said Monday that the US has shown signs of softening its stance on requiring South Korea to fulfill its entire US$350 billion investment commitment in cash, signaling progress in ongoing trade talks.

Kim reported upon returning from Washington that the US has largely accepted Seoul’s position after meeting with Commerce Secretary Howard Lutnick and other officials, during which both sides reached broad consensus on key issues including foreign exchange stability, financing, and profit allocation.

On the corporate front, additional momentum stemmed from strength in the tech and energy sectors, with notable contributions from SK Hynix (2.99%), Samsung Electronics (1.43%), Doosan Enerbility (2.86%), and LG Energy Solution (0.69%).

Hong Kong stocks climbed 366 points, or 1.4%, to 26,233 on Tuesday morning, extending strong gains from the prior session and nearing its highest level in near a month.

Sentiment strengthened after a rally on Wall Street overnight, as White House top officer indicated the U.S. government shutdown was likely to end this week.

President Trump also signaled optimism about reaching a “fair trade deal” with China’s Xi Jinping.

Meanwhile, bets mounted that Beijing may launch additional stimulus after China's Q3 GDP growth slowed to 4.8%, the weakest in a year, as elite policymakers meet this week to discuss the new 5-Year Plan ahead of the December Politburo.

Gains were capped, however, after local data showed Hong Kong’s jobless rate rose to 3.9% in July–September from 3.7%, led by higher unemployment in social work and construction.

Top gainers included Zijin Mining (2.8%), Lenovo (2.2%), SMIC (1.8%), and KE Holdings (1.6%), while Zhejiang Leapmotor climbed 1.6% on insider share purchases.

The dollar index held steady around 98.6 on Tuesday, moving sideways so far this week as investors continued to assess the impact of the ongoing government shutdown, trade-related and monetary policy uncertainty on the US economic outlook.

National Economic Council Director Kevin Hassett said the shutdown could end this week, raising hopes of an end to the economically disruptive stoppage.

On the trade front, President Donald Trump said he expects to reach a fair trade deal with Chinese President Xi Jinping at a meeting in South Korea later this month.

Meanwhile, investors are awaiting Friday’s September CPI report amid limited data releases caused by the shutdown.

Markets widely expect the Federal Reserve to deliver a 25-basis-point rate cut next week, with additional reductions likely in December and into next year.

The S&P/ASX 200 gained 0.7% to 9,093 on Tuesday, extending gains from the previous session as market sentiment remained buoyant amid progress on a key US-Australia trade agreement.

Optimism was fueled by the signing of a critical minerals partnership between US President Donald Trump and Australian Prime Minister Anthony Albanese, as the US seeks to reduce its reliance on China, which has recently tightened export controls on its own critical minerals.

Prime Minister Albanese hailed the agreement as a transformative step that takes the US-Australia alliance “to the next level.” Consequently, critical mineral stocks posted solid gains, with Iluka Resources Ltd surging nearly 5%, IGO Limited rising 2.5%, and Lynas Rare Earths adding 1.3%.

Elsewhere, gold stocks also showed strength, with Evolution Mining climbing 4.9%, Northern Star Resources gaining 1.6%, and Newmont Corporation up 2.5%.