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"We have seen China, Japan, and South Korea see a massive increase in consumption spending post attaining the per capita income level of $2000. So, a third term for Modi would signify political stability, and the outcomes of previously introduced reforms would predominantly unfold during this tenure. If the Indian economy maintains the anticipated growth trajectory, these two themes are well-positioned to be influential in the journey."

Analysts believe that the current regulatory policies and technological prowess will aid Indian mapping companies in achieving their long-term growth plans

With Dhanteras just three days away, the correction could not have come at a more opportune time for gold lovers who can utilise the dips to do some festive buying or add it to their portfolios.

Due to the illiquid nature of smallcaps, deployment takes time as mutual funds have to wait for the right opportunities. On the other hand, chasing the stocks may drive up the prices.

India's total value of defence production breached Rs 1 trillion-mark in the fiscal year 2022-23 (FY23), up 12 per cent year-on-year (YoY). At the bourses, this has been well reflected in related-stocks from the sector as they gained considerable ground during this period. Shares of Hindustan Aeronautics (HAL), Mazagon Dock Shipbuilders, MTAR Technologies, Bharat Electronics (BEL), and Bharat Dynamics (BDL) have skyrocketed up to 160 per cent in a year, as against a 14 per cent jump in the S&P BSE Sensex.