The return of Narendra Modi as Prime Minister has pumped adrenaline into the stock markets. As it became clear on Thursday that the BJP will get a clear majority, the benchmark indices created history: the Sensex crossed the 40,000 mark and Nifty rose above 12,000. Though both indices retraced from those levels due to profit booking, the formation of a stable government at the Centre is seen as good news.
Can the defence sector continue firing after 100% gains?
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