Stock market update: Capital goods stocks gain; Welspun Corp, NBCC up nearly 4%

NEW DELHI: A majority of capital goods stocks were trading with gains during afternoon trade on Friday.

Shares of Welspun Corp (up 3.62 per cent) and NBCC (India) (up 3.54 per cent) were the top gainers among the capital goods stocks.

Shares of CG Power and Industrial Solutions (up 2.92 per cent), Reliance Naval and Engineering (up 2.88 per cent), Va Tech Wabag (up 1.42 per cent), BEML (up 1.33 per cent) and Bharat Electronics (up 1.03 per cent) were also pocketing decent gains.


The BSE Capital Goods index was trading 0.33 per cent up at 18,545 around 12:45 pm.

Shares of Kalpataru Power Transmissions, Lakshmi Machine Works, Havells India, Schaeffler India, Mahindra CIE Automotive, Finolex Cables, AIA Engineering, Suzlon Energy, BHEL, Siemens, Larsen & Toubro and V-Guard Industries too were in the green.

On the contrary, GE T&D India, Thermax, SKF India, Graphite India, ABB India, Sadbhav Engineering and Carborundum Universal were in the red around that time.

Benchmark BSE Sensex was up 157 points at 34,820, while the NSE Nifty50 index was up 55 points at 10,568.

In the Sensex index, 22 stocks were up, while 9 were down.

Tata Steel, ONGC and YES Bank were the top gainers in the Sensex index.

However, State Bank of India, ITC and Coal India continued trading among the Sensex losers.