CPSE index hits over 3-year high; REC, PFC, CIL, Power Grid up 5% each

ONGC, PFC, Coal India, Indian Oil Corporation and NTPC from the CPSE index were trading at their respective 52-week highs level on the BSE.

Shares of public sector undertaking (PSU) companies were in focus as the S&P BSE CPSE index hit an over three-year high following a strong rally in REC, Power Finance Corporation (PFC), Coal India and Power Grid Corporation, which were up 5 per cent in an otherwise weak market.

At 11:14 am, the S&P BSE CPSE Index was up 2.3 per cent, as compared to a 0.45 per cent fall in the benchmark Sensex. The CPSE index was trading at its highest level since June 2018.

The S&P CPSE index is designed to measure the performance of Central Public