High accuracy stock market tips site- Broader market shines amid rally in PSU stocks; Smallcap, midcap indices surge 2%

The surge in smallcaps and midcaps was primarily led by a rally in PSU names which surged in hopes of a capex push following the BJP's landslide win in Maharashtra.




Riding along with the benchmarks, the broader market also witnessed strong buying on November 25, which helped the Nifty Smallcap 100 and the Nifty Midcap 100 indices rise close to 2 percent each. The surge in the two broader market indices was primarily led by PSU names which were rallying today on the back of hopes of a capex push following the BJP-led Mahayuti alliance's staggering victory in Maharashtra.

The BJP-led alliance secured over 200 seats in Maharashtra, which according to analysts, signals continuity in the central government’s development agenda. Analysts at Kotak Institutional Equities expect limited fiscal consolidation, increased central government capital expenditure in the second half of FY25, and a sentiment-driven uplift in sectors such as infrastructure, urban development, and manufacturing, which are aligned with BJP policies.

That's not all, analysts at Motilal Oswal Financial Services also believes that the BJP's win in Maharashtra paves the way for a consolidated centre and state politics in the state, which should allow a pick-up in stalled infra development and other pending issues, another positive for PSU companies, manufacturing, realty and infrastructure companies.

On that account, several PSU stocks hogged on the limelight today, registering strong gains. Shares of PFC, IRFC, BEL, Central Bank of India, RVNL, Bharat Dynamics, NBCC (India), GAIL, Concor Corporation of India, SAIL, among others surged in the range of 3-8 percent, liftin sentiment for the broader market which houses most of these stocks. In addition to that, all sectoral indices traded in the green which further bolstered sentiment for the broader market

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