Stock market update: PowerGrid, NTPC boost BSE Power index

NEW DELHI: The BSE Power index was trading 1.13 per cent up at 2,098 around 2 pm on Thursday, backed by gains in shares of BHEL (up 3.82 per cent), Torrent Power (up 3.56 per cent) and Power Grid Corporation of India (up 2.64 per cent).

Shares of ABB India (up 2.17 per cent), NTPC (up 1.28 per cent), CESC (up 1.26 per cent) and NHPC (up 0.60 per cent) too were in the green.

However, Adani Transmission (down 2.36 per cent), KEC International (down 1.61 per cent), Reliance Infrastructure (down 1.37 per cent), CG Power and Industrial Solutions (down 1.34 per cent) and GMR Infrastructure (down 1.02 per cent) were the top losers in the index.

Tata Power Company (down 0.80 per cent), Siemens (down 0.58 per cent), Thermax (down 0.51 per cent), JSW Energy (down 0.51 per cent) and Suzlon Energy (down 0.43 per cent) too found themselves among the losers.

Benchmark BSE Sensex was up 104 points at 38,122, while the NSE Nifty50 index was up 22 points at 11,499.

Among the 50 stocks in the Nifty index, 30 were trading in the green, while 20 were in the red.

In the Sensex kitty of stocks, 16 stocks were advancing and 15 stocks were declining in trade.

PowerGrid, Kotak Mahindra Bank and IndusInd Bank were among the top Sensex gainers.

Axis Bank, YES Bank and Maruti Suzuki were among the top losers in the Sensex kitty of stocks.