Expectations: HighDelivery: HighMeasures:Total outlay of Rs3,96,135 crore on infrastructure is up by 10% over FY17 revised estimate. Affordable housing has been given infrastructure status and tax incentives have been given, too. Construction firms with a greater exposure to roads, such as IRB Infrastructure Developers Ltd, rose by 2.5%. GMR Infrastructure Ltd gained due to the sops for roads and airports. India Cements Ltd, ACC Ltd and UltraTech Cement Ltd gained, as did steel companies such as Tata Steel Ltd and Steel Authority of India Ltd.

Source: Mint February 01, 2017 21:00 UTC