PSU and CPSE indices gain 2% as key stocks rally
In short
The BSE PSU and CPSE indices rose 2% in Monday intraday trade. Stocks including NTPC, Coal India, IRCON International, RVNL, RailTel, RITES, BEML and NBCC gained 3% to 6%.
This matters because state-linked stocks were in demand across the market. The source does not say why the buying started or whether it lasted all day.
What the reporting says
The BSE PSU and CPSE indices gained 2% in Monday intraday trade, supported by 3%-6% rallies in NTPC, Coal India, IRCON International, RVNL, RailTel Corporation of India, RITES, BEML and NBCC. The source does not say what triggered the buying or whether the move held through the close. It also does not give company-specific news for ITI or Engineers India in the available snippet.
Why it matters
The BSE PSU and CPSE indices moved up 2% during Monday's session, with several public-sector names posting gains of 3% to 6%. The available snippet does not explain the reason for the rally and does not provide the specific news behind ITI or Engineers India, despite the headline reference. The move indicates broad strength in PSU-linked equities during the session.