The BSE Capital Goods index achieved a record high of 79,887.59, rising nearly 2% during intra-day trading, fueled by strong investor interest in power and cable companies. Notably, Bharat Heavy Electricals Limited (BHEL) and Polycab India saw their stock prices soar between 3% and 7%, with BHEL reaching a new high of ₹405.50. This growth is attributed to a favorable business outlook and anticipated capital expenditure growth following the BJP's victory in the West Bengal Assembly elections, which ended over 15 years of Trinamool Congress rule. Analysts from Elara Capital suggest that the BJP's governance could initiate a capital expenditure cycle similar to those seen in other states. BHEL's market price has surged 65% since April, with analysts projecting order inflows of ₹60,000 crore–70,000 crore for FY27 and FY28. The Indian wires and cables industry is expected to grow significantly, driven by domestic demand and government infrastructure initiatives, with investments in power transmission and distribution projected to exceed ₹9 trillion over the next seven years. This growth aligns with the government's goal to increase manufacturing's contribution to GDP to 25%.