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How to Play Likely Modi Victory? Analysts Bet on Mid-Caps

Outside the Bombay Stock Exchange (BSE) building in Mumbai on May 20. — Outside the Bombay Stock Exchange (BSE) building in Mumbai on May 20.
Photographer: Dhiraj Singh/Bloomberg

By

Ravil Shirodkar and

May 20, 2019, 11:00 PM UTCUpdated onMay 21, 2019, 5:00 AM UTC

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A battered corner of India’s $2.1 trillion stock market -- mid-cap shares -- may be ready to shine after exit polls in India signaled a second term for Prime Minister Narendra Modi