Indian IT stocks are gaining traction as experts anticipate increased deal value from the US manufacturing and BFS sectors, bolstered by potential corporate tax cuts under the Trump administration. This pro-business climate is expected to drive higher spending on IT services, positioning Indian tech companies favorably in the market.
Investor optimism in PSU shares has surged following the BJP-led Mahayuti alliance's victory in the Maharashtra assembly elections. Sunil Subramaniam noted that the alignment between the Centre and the Maharashtra government is likely to enhance policy implementation and government spending, contributing to a nearly 3% rise in the BSE CPSE index, driven by gains in railway PSUs and banks like Central Bank and Indian Bank.
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