Shares of Siemens, the engineering and technology firm, on Tuesday rose more than 3 per cent in intra-day trades after it announced a Rs26,000-crore locomotive project in the country. The Siemens scrip rose to an intra-day high of Rs3,051.80, a gain of 3.68 percent over the last close of Rs2943.60.

However, the counter gave up most of the gains on profit booking and closed flat at Rs2,944.10. On Monday, the company announced that it has received an order for 1,200 locomotives of 9,000 horsepower (HP) from Indian Railways, marking the single largest order in its history in the country. Siemens Ltd will design, manufacture, commission, and test the locomotives. Deliveries are planned over an 11-year period, and the contract includes 35 years of full service maintenance.

Indices gain

Equity benchmarks shrugged off lacklustre global cues to clock smart gains on Tuesday, buoyed by strong buying interest in index heavyweights Reliance Industries and the HDFC twins.

However, a depreciating rupee and unabated foreign fund outflows capped the gains, traders said. The 30-share BSE Sensex rallied 562.75 points, or 0.94 percent, to settle at 60655.72.

The broader NSE Nifty climbed158.45 points, or 0.89 per cent, to close at 18053.30. Larsen & Toubro topped the Sensex gainers chart with a jump of 3.51 per cent, followed by Hindustan Unilever, HDFC, HCL Technologies, HDFC Bank and Reliance Industries.

In contrast, SBI, Bajaj Finserv, IndusInd Bank, Wipro, Tata Steel and Bajaj Finance were among the laggards, shedding up to 1.67 per cent.