Capital goods index surges over 40% in three months

L&T, ABB, Crompton Greaves, BHEL, Punj Lloyd and Siemens are up 2-5% on the BSE.

Shares of capital goods (CG) companies are continue at their upward march with most of stocks from the index trading higher by up to 5% on hopes that the if the Bharatiya Janata Party-led National Democratic Alliance comes to the power, it would be positive for infrastructure-led sectors. The exit polls results shows the BJP had an edge over the Congress in the recent state elections.

Larsen and Toubro, ABB, Crompton Greaves, Bharat Heavy Electricals Limited (BHEL), Punj Lloyd and Siemens are among few from CG space are trading higher in the range of 2-5% on the Bombay Stock Exchange (BSE).

The BSE CG index, the second highest gainer among the sectoral indices, was up 3.4% at 10,182 points compared to 1.18% rise in benchmark S&P BSE Sensex at 1500 hours. 

The CG index hit high of 10,203, has rallied nearly 48% in past three months from 6,899 on September 3, 2013. The S&P BSE Sensex has gained 15% during the same period.