Feb 1 (Reuters) - Indian stock benchmarks rose in a special trading session on Sunday after the government reiterated support for growth through higher capital spending and targeted measures for manufacturing, pharmaceuticals and electronics.
The government said it would spend a record 12.2 trillion rupees on infrastructure in the coming year.
The Nifty 50 rose 0.12% to 25,351.35, while the BSE Sensex added 0.18% to 82,408.02 as of 11:41 a.m. IST.
Capital goods companies such as Larsen & Toubro, PNC Infratech, IRB Infra, NBCC, Action Construction jumped 1.3%-6% on higher capex spending and announcements to scale up infrastructure development.
"The higher government capex signals a strong policy focus on infrastructure development as a key driver of economic expansion," said Divam Sharma, co-founder and fund manager at Green Portfolio PMS.
Consistent capex-led growth can support higher long-term equity valuations, Sharma said.
Eleven of the 16 major sectors logged gains. Auto stocks gained 1%, led by Mahindra and Mahindra and Tata Motors Passenger Vehicles on upbeat monthly sales data.
The broader small-caps fell 1%, while mid-caps traded flat.
Pharma stocks rose 0.5%, led by Biocon after the government allocated 100 billion rupees ($1.09 billion) for the biopharma sector over five years.
Electronics manufacturers such as Dixon Tech, Amber Enterprises and Kaynes Technologies climbed 4% each after the government proposed to increase the outlay of electronic components manufacturing.
Textile stocks such as Gokaldas Exports, Vardhman Textiles, KPR Mill and Arvind jumped 2.2%-6% after the finance minister announced setting up of mega textile markets and a five-point plan for textile firms.
Gujarat Mineral Development Corporation and Orissa Minerala Development Company jumped 3.3% and 3% on budgetary proposal to support Odhisha, Kerala, Andhra Pradesh and Tamil Nadu states to develop rare-earth corridors.
Power financiers, including Power Finance and REC jumped 3.5% each on plant to restructure the two companies.
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Janane Venkataraman, Sonia Cheema and Nivedita Bhattacharjee)
By Bharath Rajeswaran



















