BSE Capital Goods index nears record high; Siemens, L&T gain up to 3%

Analysts at Emkay Global Financial Services uphold their constructive view on the sector, driven by its strong tender pipeline, softening commodity prices and expectation of good order inflow growth.

The S&P BSE Capital Goods index gained over 1 per cent, and inched towards its all-time high on strong growth outlook. Siemens, Larsen & Toubro (L&T), CG Power & Industrial Solutions, Hindustan Aeronautics (HAL), Elgi Equipments and Schaeffler India from the index were up in the range of 1 per cent to 3 per cent on the BSE in Tuesday’s intra-day trade.

At 10:32 AM; the S&P BSE Capital Goods index was the top gainer among sectoral indices, up 1.2 per cent, as compared 0.37 per cent rise in the S&P BSE Sensex. The capital goods index hit an