Market Now: Adani Transmission, CESC keep BSE Power index down


NEW DELHI: Losses in shares of Adani Transmission (down 2.70 per cent), KEC International (down 1.88 per cent), CESC (down 1.48 per cent) and Tata Power Company (down 1.29 per cent) weighed on BSE Power index during Wednesday’s trade.

The BSE Power index was trading 0.42 per cent down at 2,168 around 12:45 pm (IST).

Shares of NHPC (down 1.11 per cent), Suzlon Energy (down 1.04 per cent), Torrent Power (down 1.00 per cent), ABB India (down 0.93 per cent), JSW Energy (down 0.81 per cent), NTPC (down 0.35 per cent), Bharat Heavy Electricals (down 0.35 per cent) and GMR Infrastructure (down 0.28 per cent) were also in the red around that time.

However, shares of PTC India (up 1.69 per cent), Reliance Power (up 0.76 per cent), Reliance Infrastructure (up 0.39 per cent), Adani Power (up 0.37 per cent), Power Grid Corporation of India (up 0.18 per cent), Siemens (up 0.15 per cent) and CG Power and Industrial Solutions (up 0.06 per cent) were in the green in the index around that time.

Across the board selling, triggered by negative Asian cues, weighed on benchmark indices.

The BSE Sensex was 212 points down at 33,645, while the NSE Nifty50 index was down 71 points at 10,356.

Among the 30 stocks in the Sensex index, only 4 were trading in the green, while 26 were in the red.

With a loss of nearly 2 per cent, Hero MotoCorp was the top losers in the Sensex index around 12.45 pm, while shares of YES Bank were trading with a gain of nearly 2 per cent around the same time.

Source: Economic Times