Share market update: Power stocks light up; JSW Energy, CG Power up 2%

NEW DELHI: A majority of power stocks were trading with gains during Wednesday’s session, keeping the sectoral index in the green.

The BSE Power index was trading 0.26 per cent up at 1999 around 12:35 pm, with JSW EnergyNSE 1.61 % (up 2.31 per cent), CG Power and Industrial Solutions (up 1.66 per cent) and Reliance Infrastructure (up 1.16 per cent) as the top gainers.

Shares of Adani Transmission (up 0.99 per cent), GMR Infrastructure (up 0.64 per cent), NTPC (up 0.58 per cent), Tata Power Company (up 0.54 per cent), Siemens (up 0.34 per cent), ABB India (up 0.32 per cent), Thermax (up 0.24 per cent) and BHEL (up 0.13 per cent) were also among the gainers.

However, KEC International (down 1.56 per cent), Torrent Power (down 0.97 per cent), Adani Power (down 0.81 per cent), Suzlon Energy (down 0.26 per cent) and NHPC (down 0.20 per cent) were suffering losses around that time.

Meanwhile, shares of Power Grid Corporation of India (up 0.08 per cent) and CESC (down 0.03 per cent) were trading almost flat.

Equity benchmarks were treading higher, underpinned by gains in metal, energy, ban, financial, telecom and auto stocks.
The BSE Sensex was up 197 points at 35,484, while the NSE Nifty50 index was up 50 points at 10,760.

Among the 50 stocks in the Nifty index, 30 were trading in the green, while 20 were in the red.

In the Sensex index, 23 stocks were up while 8 were down.

Vedanta, Reliance Industries, YES Bank and Axis Bank were among the top gainers in the Sensex kitty of stocks.

[“Source-economictimes”]