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Maroc Maroc - Times of India - Business - Hier 02:51

Traders shy away from Modi stocks in shift to defensives

Investors in India are moving away from stocks expected to benefit from Prime Minister Modi’s re-election, focusing instead on defensive sectors like consumer and software. Policy reversals and coalition dynamics have introduced uncertainty, causing infrastructure-related stocks to lag. This shift is driven by market volatility and election outcomes. Foreign funds have also turned net sellers in sectors like utilities, cement, metals and financials in August.

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