Shares of power companies continued to march higher with the S&P BSE Power index hitting a fresh 10-year high on Tuesday on strong demand outlook. At 10:00 am; the S&P BSE Power index was up 1.5 per cent, when compared to 0.21 per cent decline in the S&P BSE Sensex.
The power index hit an intra-day high of 3,345.64, its highest level since October 2010. It had hit a record high of 4,929.34 on January 8, 2008 on the BSE, the exchange data shows. Tata Power, Adani Transmission, Adani Green Energy, Adani Power and CESC from the power index were up 2 – 4 per cent each.
