Key Points
The S&P BSE PSU Index, a gauge that includes some of the nations largest power utilities, miners, oil refiners and engineering firms, has surged 44% thus far in 2023..
Indias state-owned stocks are all the rage and some investors say the rally isnt over as Prime Minister Narendra Modis expected re-election next year is seen supporting capital expenditure, further boosting their allure...
Modis government is spending billions of dollars on everything from roads and railways to defense, renewing interest in a sector that has for long been a straggler of Indias $4 trillion stock market...
Investors expect the conducive government policy to boost the low valuation the PSU gauge trades at 10 times its 12-month forward earnings despite being set for its best year since 2009..
We have seen many top-level executives setting up meeting with investors and actively discussing prospects of their companies, said Ramesh Mantri, chief investment officer at WhiteOak Capital AMC, which has $792 million in assets...
You might be interested in
PSUs seen extending dream rally on PM Modi bets
07, Dec, 23India Business News: 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
Sensex surges 2,300 points as bulls take charge on Dalal Street
05, Jun, 24The S&P BSE Sensex was up 3.2% at 74,382.24, while the NSE Nifty50 gained 3.4%, to close at 22,620.
These four questions are top of mind for investors in 2024
16, Jan, 24The market rally has run out of steam, prompting concerns about whether stocks ran too far too fast
Dalal Street bulls reign in 2023 despite global headwinds
29, Dec, 23India Business News: Despite global headwinds, the Indian market witnessed a remarkable recovery in 2023, leading to investors' optimism. The sensex and Nifty gained 19-20
Wall Street Week Ahead: Investors rethink recession plays, boosting U.S. stock market laggards
09, Jun, 23A U.S. stocks rally is showing signs of expanding beyond the cluster of giant growth and tech names that have led gains this year, as investors reposition portfolios primed for a widely expected recession.
Wall street braces for a volatile September due to Fed meeting, upcoming economic data reports
27, Aug, 23U.S. stock investors are preparing for a potentially volatile September as the market faces key economic data reports, a Federal Reserve meeting, and worries over a possible government shutdown
After Monday's steep climb, prepare for more volatility in stocks
30, Jan, 24The NSE’s benchmark Nifty closed 1.8% higher at 21,737.60 points, while BSE’s Sensex ended 1.76% higher at 71,941.57, their biggest gains since 4 December.
Booster Shot! Govt's capex pill turns 13 PSU stocks multibaggers in 2023; will marathon continue next year
22, Dec, 23On a year-to-date basis, the S&P BSE PSU index has rallied more than 50% and scaled a lifetime high of 15,531 earlier this week. Meanwhile, the benchmark Sensex has given a little over 16% returns in the same period. A significant chunk of the gains in PSU stocks came in December, with as many as 28 of them clocking double-digit gains, after the strong victory for the Bharatiya Janata Party (BJP) in the state assembly elections of Chhattisgarh, Madhya Pradesh, and Rajasthan.
Bullish on capital goods stocks? 3 reasons to be cautious
27, Jan, 24For the year ended December 31, 2023, the S&P BSE Capital Goods Index experienced a remarkable surge of 66.89%, outpacing the Nifty50 and Sensex by considerable margins.
What did Wall Street get right about markets this year? Not much.
29, Dec, 23U.S. stocks end a topsy-turvy year near records, defying bearish predictions.