Infra stocks rise on the back of national monetisation plan optimism

Infrastructure stocks have seen some buying interest over the past two days, after the finance minister launched an ambitious plan worth Rs 6 trillion to monetise public infrastructure projects like power plants, roads and railways. The Nifty Infrastructure index rose 1.2 per cent over the last two days.

Adani Ports and SEZ, Hindustan Petroleum and ONGC rose 7.8 per cent, 5 per cent and 3.5 per cent respectively over two days. While cement companies like Ramco Cements, Ambuja Cements and UltraTech are up between 0.4 per cent and 2.5 per cent, shares of Larsen & Toubro rose 0.8 per cent during the same period.