The Nifty CPSE index was at the top of the Golden Cross screener, with its 50 day SMA crossing over its 200 day average on October 30 thanks to sharp gains for key stocks such as Bharat Electronics.

Bharat Electronics saw its share price hit a year high after strong Q2 results, and has overall now gained close to 50% over the past 12 months. With elections coming up, the company is set to benefit from orders of VVPAT (voter-verified paper audit trail) machines. According to the management, the company is on track to see revenues of over Rs. 10,000 crore in FY18, compared to Rs. 8,611 in annual revenues in FY17.