Infra stocks rally as govt allocates Rs 19,000 crore under PM Gram Sadak Yojana

The Nifty Infra rose nearly a percent, with gains coming in from Suzlon, Engineers India, Bharti Infratel, Reliance Power, Torrent Power and Larsen and Toubro, among others, rose between 1 and 4 percent.

Shares of infrastructure companies soared in trade as the government made an allocation under the Pradhan Mantri Gram Sadak Yojana.

The Nifty Infra rose nearly a percent, with gains coming in from Suzlon, Engineers India, Bharti Infratel, Reliance Power, Torrent Power and Larsen and Toubro, among others, rose between 1 and 4 percent.

Finance Minister Piyush Goyal, in his Budget Speech, said that Rs 19,000 crore was allocated for Pradhan Mantri Gram Sadak Yojana.

At 11:26 hrs IST, the Sensex is up 84.82 points or 0.23% at 36341.51, and the Nifty up 25.50 points or 0.24% at 10856.50. The market breadth was positive as 1140 shares advanced, against a decline of 864 shares, while 114 shares were unchanged.

ADVANTAGEOUS SERVICES ARE AVAILABLE FOR CLIENTS ALONG WITH FULL TECHNICAL SUPPORT TO MAKE YOUR FINANCIAL TRADING EASIER. CLICK HERE TO SUBSCRIBE US FOR FREE >> Call Put Option Tips