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Market Now: Power sector stocks up; Adani Power jumps 5%

NEW DELHI: Power sector stocks, including Adani Power (up 4…

NEW DELHI: Power sector stocks, including Adani Power (up 4.98 per cent), Bharat Heavy Electricals (up 2.18 per cent), JSW Energy (up 1.38 per cent) and Tata Power Company (up 0.45 per cent) were trading up in afternoon trade on Friday.

The S&P BSE Power index was trading 0.25 per cent up at 2,427 around 12:55 pm (IST).

Shares of Power Grid Corporation of India (up 0.35 per cent), ABB India (up 0.30 per cent), KEC International (up 0.27 per cent), GMR Infrastructure (up 0.24 per cent), Reliance Power (up 0.17 per cent) and CG Power and Industrial Solutions (up 0.16 per cent) were also in the green.

However, NHPC (down 1.48 per cent), Adani Transmission (down 1.13 per cent), CESC (down 0.80 per cent), Suzlon Energy (down 0.63 per cent), Reliance Infrastructure (down 0.63 per cent), PTC India (down 0.46 per cent) and Siemens (down 0.24 per cent) were trading down in the BSE Power index.

Benchmark BSE Sensex was 133 points up at 34,102, while the NSE Nifty50 index was 32 points up at 10,536.

Among the 50 stocks in the Nifty50 index, 31 were trading in the green, while 19 were in the red.

YES Bank, Adani Ports and Bharti Airtel were leading the Sensex kitty of stocks.

On the other hand, Oil & Natural Gas Corporation, ICICI Bank and Sun Pharma were seen under selling pressure.

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