BSE Power index gains 2% on hopes of higher demand; NTPC hits 5-year high
Shares of power generation and utilities companies were in focus with the S&P BSE Power index gaining nearly 2 per cent on the BSE in Thursday’s intra-day trade on expectations of higher electricity demand.
At 10:06 AM; the S&P BSE Power index, the second largest gainer among sectoral indices after Utilities index, was up 1.64 per cent, as compared to 0.14 per cent rise in the S&P BSE Sensex.
NTPC, Adani Power NHPC, Torrent Power and Tata Power from the index traded higher by 3 per cent each. KPI Green Energy, NLC India, Nava, Inox Green Energy Services, Power Grid Corporation and CESC among power and its related companies were up 1 – 4 per cent.
