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PSUs seen extending dream rally on PM Modi bets
Credit: IndiaTimes- Published on December 7, 2023
Investors believe that India's state-owned stocks will continue to rally due to PM Modi's expected re-election, which will support capital expenditure. The S&P BSE PSU Index, which includes power utilities, miners, oil refiners, and engineering firms, has surged 44% in 2023, outperforming the S&P BSE Sensex Index. Valuations of...
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