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Market Now: Power stocks trade with gains; BHEL advances 2%

ETMarkets.com|
Updated: Jan 10, 2018, 11.06 AM IST
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Market Now: Power stocks trade with gains; BHEL advances 2%
Adani Ports, Coal India and ONGC were leading the Sensex index.
NEW DELHI: Most of the power stocks, including Bharat Heavy Electricals (BHEL) (up 2.32 per cent), Torrent Power (up 2.23 per cent), GMR Infrastructure (up 2.12 per cent) and CESC (up 2.11 per cent) were trading up in Wednesday's trade, keeping the BSE Power index in the green zone.

The BSE Power index was trading 0.42 per cent up at 2,436 around 10:50 am (IST) on Wednesday.

Shares of Suzlon Energy (up 1.52 per cent), Adani Power (up 1.41 per cent), Adani Transmission (up 0.66 per cent), Reliance Infrastructure (up 0.44 per cent), Siemens (up 0.31 per cent), Tata Power Company (up 0.30 per cent), CG Power and Industrial Solutions (up 0.21 per cent) and PTC India (up 0.12 per cent) were also trading with gains in the power index.

However, some power stocks such as KEC International (down 0.79 per cent), NHPC (down 0.76 per cent), Reliance Power (down 0.61 per cent) and ABB India (down 0.36 per cent) were trading down around that time.

Benchmark BSE Sensex was 19 points down at 34,424, while the NSE Nifty50 index was 10 points down at 10,627.

Among the 50 stocks in the Nifty50 index, 18 were trading in the green, while 32 were in the red.

Adani Ports, Coal India and ONGC were leading the Sensex index. On the contrary, Asian Paints, Tata Steel and Dr Reddy's Labs were among the laggards.

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