SBI, Power Grid can turbocharge your portfolio; 5 PSU stocks to bet on

PSU banks, CPSE stocks rally post exit poll verdict: SBI, Power Grid, Coal India, Hindustan Aeronautics and Union Bank of India seem to be favourably placed on the charts.

Indian equity benchmark indices roared to record highs on Monday, as stocks reacted to exit poll prediction of a likely landslide victory to the Narendra Modi-led BJP government.

The S&P BSE Sensex zoomed to a high of 76,739, and was up 2.9 per cent or 2,124 points at 76,090 as of 10:30 AM. The NSE Nifty 50 index hit a new summit at 23,339, and quoted around 23,200 levels - up 2.9 per cent or 660 points.

While buying was seen across-the-board, PSU (state-run) stocks were the major movers, in hopes of continued reforms. The Nifty PSU Bank index zoomed