The stock market has seen significant growth in recent years, with Sensex crossing 74,000 and Nifty trading above 22,500. Some sectors have exceeded expectations in terms of growth. Yogesh Mehta predicts that the domestic equity market will remain in its current range until the election results are out, with the Nifty index expected to fluctuate between 21,700 and 22,800 by June 4th. Despite a 1.87% drop in the previous week, Nifty has since recovered by 1.86%.

Market watchers foresee a surge in sectors such as Railways, Infrastructure, Defence, Electric City, and Public Sector Companies (PSUs) if Prime Minister Narendra Modi is re-elected. Companies in these sectors have already shown remarkable growth, with defense companies like Astra Microwave Products and Hindustan Aeronautics gaining 124% and 194% respectively. Other companies such as NIBE Limited, Bharat Dynamics, Data Pattern, and Paras Defense and Space Technologies have also delivered strong returns ranging from 35% to 298%.

Over 50 PSU companies have seen growth of over 100% in the last year, with Cochin Shipyard leading with a 387% increase in returns. Companies like IRFC, IFCI, Housing and Urban Development Corporation (HUDCO), and REC have also witnessed growth of over 300%. Mehta believes that the PSU sector holds promise, particularly in defense, power, and banking. He advises investors to consider long term investments or mutual funds, while those versed in company fundamentals can explore direct equity investments.

Mehta cautions that any adverse or unexpected election results could lead to a significant downturn in the stock market. He recommends cautious investing and suggests that the long-term potential for growth lies in equity rather than gold. Data shows that gold has increased by 128% over the past five years and 20% in the last year, while the BSE Sensex has grown by 97% in five years and 19% in the last year. It is important for investors to seek advice from market experts before making any investment decisions.. Read More Here