Divestment push may boost PSU m-cap on bourses from all-time low currently

Nifty PSE index closes at highest level since January 2018

The share of public sector undertakings (PSUs) in the total market capitalisation of listed companies--at an all-time low of 10 per cent currently --- may get a leg-up from the government's disinvestment push.

Last week, the government announced the successful sale of national carrier Air India to Tata Sons, India’s first privatisation of a PSU since 2002–03. The transaction is expected to be completed by December.

The development buoyed shares of several PSUs with the Nifty PSE index rising 1.8 per cent to close at its highest level since January 2018. Shares of NMDC and Coal India gained the most