Semiconductor stocks surge ahead of PM Modi's Semicon 2026 inauguration
Semiconductor stocks rallied sharply as investor focus shifted to India's semiconductor sector ahead of Prime Minister Narendra Modi's inauguration of Semicon India 2026. Kaynes Technology, Syrma SGS Technology, and MosChip Technologies gained up to 10% on the news.
The rally reflects renewed market confidence in India's semiconductor ambitions and the broader ecosystem. Modi's inaugural address at the event is expected to outline government priorities for advancing domestic chip manufacturing and technological capabilities.
