Business Standard

Capital Goods index hits record high; Thermax, CG Power rally up to 14%

In the past six months, the BSE Capital Goods index has outperformed the market by surging 31%, as against a 11% rally in the S&P BSE Sensex.

Sensex, Nifty, stock brokers
Premium

Deepak Korgaonkar Mumbai

Listen to This Article

The S&P BSE Capital Goods index hit a new high at 63,840.34, up 1.2 per cent in Wednesday's intra-day trade, on the back of strong rally in multinational companies (MNCs) stocks from the sector led by Thermax, Schaeffler India, Siemens, CG Power and Industrial Solutions, SKF India and Honeywell Automation India. These stocks have rallied up to 14 per cent on the BSE in Wednesday's intra-day trade.

At 11:11 am; the S&P BSE Capital Goods index was up 0.64 per cent, as compared to 0.22 per cent decline in the S&P BSE Sensex. In the past six months, the index

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 15 2024 | 11:20 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com