Capital Goods index surges 3%; L&T, Honeywell Automation hit record highs

Honeywell Automation India and ABB India were up 11 per cent and 5 per cent respectively, while Siemens, Thermax, L&T, Bharat Electronics and SKF India were up in the range of 2 to 4 per cent.

Shares of capital goods companies were in focus on Monday with the S&P BSE Capital Goods index surging nearly 3 per cent intra-day on the BSE. The index hit 52-week high on expectation of pick up in investment activities.

At 12:27 pm, the index was up 2.6 per cent as compared to a 0.73 per cent rise in the benchmark S&P BSE Sensex. The index, which was the biggest gainer among sectoral indices, touched an intra-day high of 20,209 levels - its highest since February 2, 2018.

Among individual stocks, Honeywell Automation India and ABB India were up 11 per