Shares of power generation and distribution companies continued their upward movement, with Adani Power, Torrent Power, JSW Energy and Power Grid Corporation hitting their respective all-time highs on the BSE in intra-day trade on Wednesday amid strong demand. Tata Power Company, CESC, Bharat Heavy Electricals (BHEL) and NTPC were quoting at their respective 52-week high levels.
At 12:26 pm, the S&P BSE Power index was up 2.9 per cent at 3,070 points, as compared to a 0.26 per cent rise in the S&P BSE Sensex. Thus far in the month of June, in seven trading days, the power index has rallied 9 per cent, as against a 1 per cent rise in the benchmark index. The BSE Power was trading at its highest level since November 2010.
