During the election season, PSU stocks, also known as Modi stocks , surged in value by Rs 7 lakh crore as investors showed confidence in PM Narendra Modi s policies and leadership, especially in defence PSUs like Cochin Shipyard and Bharat Dynamics.
Manish Sonthalia, chief investment officer at Emkay Investment Managers, suggested investors to follow a multi-cap approach with equal proposition in large-caps and mid-caps to take advantage of a broad-based growth in Indian equity markets.
India's Equity Rally Hinges on Modi Bettering 303-Seat Tally bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Indian stock rally hinges on BJP winning over 303 seats in the general election, according to a Bloomberg survey. A smaller majority may lead to a 2% drop in the NSE Nifty 50 Index. Investors anticipate gains of about 3% if BJP exceeds 303 seats, aiding economic growth reforms.