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INDIA STOCKS-Energy leads rise in Indian shares ahead of US inflation data

India s benchmark indexes Nifty 50 and Sensex rose on Thursday, led by energy stocks and tracking a rebound in their Asian peers, as investors awaited key U.S. inflation reading for cues on interest.

PSU stocks: Rally in PSU stocks not a flash in the pan, won t fizzle out next year: Pankaj Murarka

“Despite stocks having risen by 3x or 5x, PSU stocks are still trading at single digit multiples. The biggest point, if I can make out, is that I do not think this rally in PSUs is a flash in the pan, that this year there has been a rally and next year everything will fizzle out, and they will go back to the old valuations. I do not see that happening.”

With 8% weekly gains, Indian IT stocks shrug off US slowdown fears

The rally helped IT stocks shed the tag of underperformers as the Nifty IT indexs 1-year gains jumped to 24%, outclassing all its sectoral peers. The broader Niftys 12-month gains stand at 16%.

AI: AI to drive a new wave of IT spending and if ready, Indian companies could greatly benefit: Pankaj Murarka

“The underlying US economy, despite some slowdown, continues to remain very strong, which is good for IT as a sector. Secondly, from whatever I read and my conversation with a lot of IT companies here and some global experts, people believe that with the evolution of artificial intelligence, the impact on IT industry and more broadly on the world as a whole will be as profound as it happened with internet way back in early 90s and mid-90s.”

stock market outlook: Pankaj Murarka on 2 top bets from new age & old school stocks this Diwali

“I have never been short of ideas, but have always been short of money to invest. India is a paradise for growth investors. At any point of time, there are more ideas than the capital available. If you invest in the right companies in any scenario in India, you can make money.”

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