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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
Updated on

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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