The Indian indices continue to trade firm on account of sustained buying interest in heavyweights. Except for FMCG space, all other sectoral indices are trading in the green. Stocks from the Public Sector Units (PSU), auto, oil & gas and metal space are leading the pack of gainers.
The BSE-Sensex is trading up by 152 points while NSE-Nifty is trading 41 points above yesterday's closing. The BSE Mid Cap and BSE Small Cap indices are trading up by 0.3% and 0.1% respectively. The rupee is trading at 47.49 to the US dollar.
Engineering stocks have been trading mixed as well with Elgi Equipments, Areva T&D and Larsen and Toubro (L&T) leading the pack of gainers. However, Finolex Cable, Opto Circuit and KSB Pumps are trading weak. Elecon Engineering has bagged order worth Rs 297 m from Bharat Heavy Electricals Ltd (BHEL). The order is for design, supply and erection and commissioning of machinery items for CHP machine package for 2x250 MW expansion project at Barauni TPS Unit -3 & 4 at Begusarai in Bihar. Earlier, in the month of May, the company had bagged order worth Rs 394 m from BHEL. The company is engaged in delivering power transmission solutions and material handling equipment and has emerged as the largest gear manufacturing company in Asia. The stock of the company is trading in the green.