India's stock market has been topsy-turvy in the past week. Markets hit all-time highs on Monday following news of a potential hat-trick for Prime Minister Narendra Modi's Bharatiya Janata Party but eventually tumbled after it began losing its parliamentary majority. The shock outcome of the mammoth election count means Modi will now have to rely on smaller parties to form a governing majority in the 543-member Lok Sabha, or lower house of India's parliament.
"The Union Budget has consistently increased allocations for infrastructure development. Every budget over the next few years is expected to continue this trend, with substantial funds earmarked for roads, railways, airports, and other critical infrastructure," he added. Among the pure-play infrastructure companies on his watch are utilities company NHPC , electricity operator NTPC and mining player Hindustan Copper .
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Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »