Encourage by the Cabinet's approval for the creation of the Cabinet Committee on Investment (CCI), the Land Acquisition Bill, and the long pending urea investment policy, shares of infrastructure, real estate and fertilizer companies jumped on Friday.

Shares of infrastructure giants NCC and Hindustan Construction Co gained 6.17 per cent and 3.16 per cent respectively before ending trading on Friday; while shares of Sadbhav Engineering, Valecha Engineering and Unity Infraprojects jumped 1.71 per cent, 0.73 per cent and 0.22 per cent respectively.

Headed by the Prime Minister, the CCI will provide a much-need boost to the Indian economy by fast-tracking approvals to mega projects worth more than 1,000 crore.

In the real estate space, Indiabulls Real Estate closed with the biggest gain of 2.80 per cent. Shares of DLF and Godrej Properties gained 1.54 per cent and 0.48 per cent respectively. Real estate stocks gained a big boost after the Cabinet approved the Land Acquisition Bill.

The Cabinet also gave a nod to urea investment policy that will pave way for expansion of existing fertilizer plants and establishment of new ones. The approval sent shares of fertilizer companies up. Shares of Rashtriya Chemicals & Fertilizers ended 2.39 per cent higher; while National Fertilizers, Tata Chemicals (1.28%) and Chambal Fertilizers & Chemicals gained 1.62 per cent, 1.28 per cent and 0.81 per cent respectively.