Market Now: Power stocks down; CG Power tanks 3%

Market Now: Power stocks down; CG Power tanks 3%

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YES Bank and State Bank of India were the top drags on the Sensex index.
NEW DELHI: Most of the power stocks were trading down in afternoon trade on Friday.

The BSE Power index was trading 0.68 per cent down at 2,230 around 01:35 pm (IST), with shares of CG Power and Industrial Solutions (down 3.43 per cent), Adani Transmission (down 2.64 per cent) and ABB India (down 2.47 per cent) as the top losers.

Shares of Adani Power (down 1.82 per cent), Power Grid Corporation of India (down 1.39 per cent), NHPC (down 1.22 per cent), GMR Infrastructure (down 1.07 per cent), Reliance Power (down 0.78 per cent), JSW Energy (down 0.75 per cent), Siemens (down 0.55 per cent), CESC (down 0.41 per cent) and Torrent PowerBSE -1.40 % (down 0.39 per cent) were also in the red.

Meanwhile, shares of KEC International (up 0.85 per cent), Reliance Infrastructure (up 0.71 per cent), Bharat Heavy ElectricalsBSE -0.42 % (up 0.42 per cent), Suzlon EnergyBSE -0.23 % (up 0.30 per cent) and PTC India (up 0.25 per cent) were up in the power index around that time.

Benchmark BSE Sensex was 114 points down at 34,184, while the NSE Nifty50 index was 36 points down at 10,509.

Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red.

YES Bank and State Bank of IndiaBSE -2.55 % were the top drags on the Sensex index.

[“Source-economictimes.indiatimes”]