Placing PSUs in the Limelight

The onset of this fiscal year witnessed a continuation of the bullish momentum seen in the Indian equity market last year. Major stock indices soared to new heights, with Nifty 50 reaching record levels, propelled by an atmosphere of optimism. However, this surge encountered a temporary setback in recent weeks due to a convergence of factors. Geopolitical tensions cast a looming shadow, while crude oil prices surged unabatedly. Foreign institutional investors (FIIs) embarked on a significant selling spree, offloading equities worth billions in the last few weeks of trading sessions.