Market Now: BSE Power index down; Reliance Infra tanks 2%

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Updated: Mar 01, 2018, 12.15 PM IST
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Market Now: BSE Power index down; Reliance Infra tanks 2%
ICICI Bank, Infosys and State Bank of India declined over 1 per cent in the Sensex index.
NEW DELHI: Power stocks Reliance Infrastructure (down 2.06 per cent), Reliance Power (down 1.79 per cent), PTC India (down 1.56 per cent) and CG Power and Industrial Solutions (down 1.02 per cent) were trading down in afternoon trade on Thursday, keeping the sectoral index down.

The BSE Power index was trading 0.26 per cent down at 2,217 around 12:05 pm (IST) on Thursday.

Adani Power (down 0.79 per cent), CESC (down 0.62 per cent), Power Grid Corporation of India (down 0.60 per cent), GMR Infrastructure (down 0.53 per cent), NTPC (down 0.37 per cent), ABB India (down 0.29 per cent), KEC International (down 0.20 per cent) and Suzlon Energy (down 0.16 per cent) were also in the red in the index.

However, power stocks Bharat Heavy Electricals (BHEL) (up 1.44 per cent), NHPC (up 1.28 per cent), Torrent Power (up 0.97 per cent), JSW Energy (up 0.50 per cent), Tata Power Company (up 0.12 per cent) and Adani Transmission (up 0.07 per cent) were trading with gains around that time.

Equity benchmarks were down, tracking global cues. Investors were cautious after the fiscal deficit data reached at 113.7 per cent of the full year's target.

The NSE Nifty50 index was 7 points down at 10,486, while the BSE Sensex was 43 points down at 34,141.

Among the 50 stocks in the Nifty50 index, 27 were trading in the green, while 23 were in the red.

ICICI Bank, Infosys and State Bank of India declined over 1 per cent in the Sensex index.
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