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Nifty to hit 23,400 by June, buy on dips in pre-election rally: ICICI Direct

Benchmark indices have performed well in election years going by four decades of history and despite spikes in volatility, the median returns in election years have been 17%. As per ICICI Direct, the outperformance of PSU banks will only amplify and investors should also raise their exposure to IT stocks ignoring the noise.
India General Grindwell Norton Mayur Uniquoters Exide Inds Gufic Bio Ajanta Pharma

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