Currently, the government spending cycle, notwithstanding this year’s blip (which we think is a blip, and we will discuss the reasons later), looks to be on the path of continued increase. Secondly, PSUs today are more operationally efficient than they have ever been in the last 25 years of India’s history. Both of these factors give me conviction about PSU earnings and asset growth.
Global Market Today: Asian stocks jump with US futures on Micron outlook
Asian markets surged, mirroring US futures, as Micron Technology’s stellar sales forecast reignited AI trade confidence. The chipmaker’s shares jumped significantly after projecting robust future
June 25, 2026