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PSU stocks stage strong comeback after poll outcome-led selloff, BSE PSU index up 6%

After two sessions of intense selloff, PSU stocks finally made a strong rebound, led by names like Mazagon Dock, BHEL, Hindustan Aeronautics and others. All constituents of the BSE PSU index surged 4-14 percent.

Trade Spotlight: How should you trade Bata, Divis Labs, Escorts, Mazagon Dock, HUDCO, Biocon, and others on Thursday?

Experts expect the Nifty 50 index to take support at the 22,600-22,500 zone, and above these levels, there is a possibility of a resumption of the upmove towards the 23,000 mark. However, below 22,500, a sharp downward move can't be ruled out.

RBI MPC | Experts list top 10 rate-sensitive stocks as RBI keeps repo unchanged

The market turned volatile at 22,500 as it priced in the non-event. Once the index closes above 22,600, one can expect a march towards 22,700-22,800.

Housing & Urban Development Corp. Ltd. is a wholly-owned government company which provides loans for housing and urban infrastructure projects in India. Its services include social housing, residential real estate, and retail finance through the HUDCO Niwas scheme. The social housing services offered to the borrowers belonging to the economically weaker sections of the society. It also offers housing and commercial real estate projects, including land acquisition to the middle-income group and high-income group of society. Other services include water supply, roads, transport, power, sewerage, drainage, and solid waste management. The company was founded on April 25, 1970 and is headquartered in New Delhi, India.

Housing & Urban Development Corp. Ltd.

Housing & Urban Development Corporation Ltd

Volume	11.53M
52-Wk High	353.70
52-Wk Low	60.75

HUDCO.NSE Housing & Urban Development Corporation Ltd

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