BSE Capital Goods index hits all-time high; L&T surges 15% in 2 days

The capital goods index hit a record high of 21,345 in intra-day trade, surpassing its previous high of 21,021, touched in November 2007

Shares of capital goods companies were on a roll on Tuesday, with the S&P BSE Capital Goods index surging 4 per cent in intra-day deals to hit an all-time high after the government's strong capital expenditure (capex) push in the Budget 2021.

At 09:21 am, the S&P BSE Capital Goods index, the second largest gainer among sectoral indices, was up 3.9 per cent, as compared to 2.8 per cent rise in the S&P BSE Sensex. The index hit a record high of 21,345 in intra-day trade, surpassing its previous high of 21,021, touched in November 2007.

Larsen &