BSE PSU index hits 22-month high; Power Grid, IOC, HPCL hit record high

Total 12 PSU stocks include NTPC, NHPC, SAIL, Moil and MMTC hit their respective 52-week highs

Shares of public sector undertaking companies (PSUs) were in focus with the S&P BSE PSU index hitting 22-month high on Thursday in intra-day trade after strong gain in electric utilities and oil & gas stocks.

At 11:57 am; the S&P BSE PSU index was up nearly 1% at 8,128.13 as compared to 0.20% rise in the S&P BSE Sensex.

 

The PSU index hit a 52-week high of 8,149.86 in intra-day trade today, surpassing its previous high of 8,077.73 touched on November 10, 2016. The index was trading at its highest level since March 4, 2015, when it touched