Nifty Infra index hits 7-year high after govt announced Bharatmala project

L&T, NCC, IRB Infra, KNR Constructions, Ashoka Buildcon, Sadbhav Engineering, Simplex Infra and Gayatri Projects were up in the range of 5% to 9% on the NSE

Shares of infrastructure companies were in focus with the Nifty Infrastructure index hitting nearly seven-year high on the National Stock Exchange (NSE), after the Cabinet clears Rs 7 lakh crore Bharatmala project. The announcement came after market hours on Tuesday.

Larsen & Toubro (L&T), NCC, IRB Infrastructure, GMR Infrastructure, Siemens, Engineers India and Bharat Heavy Electricals Limited (BHEL) from the Nifty Infrastructure index were trading higher by upto 6% on the NSE.

KNR Constructions, Ashoka Buildcon, Sadbhav Engineering, Simplex Infrastructures and Gayatri Projects from the non-index stocks were up in the range of 5% to 9%.

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