Select PSU stocks are in the limelight, led by Engineers India, which is currently the top gainer on the BSE Sensex. The stock is up almost 6% at Rs.167.30, with an intra day high at Rs.169.95 and volumes have jumped up almost 4.5 times.

The stock is up, like others – Coal India, Oil India, BEML, ONGC, BHEL on hopes that the these PSU companies might declare a special or interim dividend. This hope stems from the fact Q3 is usually the time when these companies had declared interim and special dividends last fiscal.