Market Now: Power stocks powerless; Adani Transmission plunges 7%
ETMarkets.com|
Updated: Mar 07, 2018, 01.26 PM IST
NEW DELHI: Most of the power stocks Adani Transmission (down 7.11 per cent), Adani Power (down 4.91 per cent), Suzlon Energy (down 4.74 per cent) and Reliance Power (down 4.72 per cent) were in the deep red during afternoon trade on Wednesday.
Shares of NHPC (down 3.61 per cent), Tata Power Company (down 3.12 per cent), CG Power and Industrial Solutions (down 3.08 per cent), Reliance Infrastructure (down 3.06 per cent), GMR Infrastructure (down 3.05 per cent), PTC India (down 2.72 per cent), Torrent Power (down 2.68 per cent) and Bharat Heavy Electricals (BHEL) (down 2.55 per cent) were also declining.
The BSE Power index was trading 1.61 per cent down at 2,136 around 01:05 pm (IST).
Meanwhile, NTPC (up 0.49 per cent) was slightly up around that time.
Benchmark BSE Sensex was 212 points down at 33,105, while the NSE Nifty50 index was down 73 points at 10,176.
Among the 50 stocks in the Nifty50 index, 16 were trading in the green, while 34 were in the red.
Shares of NHPC (down 3.61 per cent), Tata Power Company (down 3.12 per cent), CG Power and Industrial Solutions (down 3.08 per cent), Reliance Infrastructure (down 3.06 per cent), GMR Infrastructure (down 3.05 per cent), PTC India (down 2.72 per cent), Torrent Power (down 2.68 per cent) and Bharat Heavy Electricals (BHEL) (down 2.55 per cent) were also declining.
The BSE Power index was trading 1.61 per cent down at 2,136 around 01:05 pm (IST).
Meanwhile, NTPC (up 0.49 per cent) was slightly up around that time.
Benchmark BSE Sensex was 212 points down at 33,105, while the NSE Nifty50 index was down 73 points at 10,176.
Among the 50 stocks in the Nifty50 index, 16 were trading in the green, while 34 were in the red.
