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.

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