{"id":267731,"date":"2019-04-03T05:20:51","date_gmt":"2019-04-03T05:20:51","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=267731"},"modified":"2019-04-03T05:43:30","modified_gmt":"2019-04-03T05:43:30","slug":"power-stocks-surge-as-sc-quashes-rbis-feb-12-circular-adani-power-up-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/power-stocks-surge-as-sc-quashes-rbis-feb-12-circular-adani-power-up-2\/","title":{"rendered":"Power stocks surge as SC quashes RBI&#8217;s Feb 12 circular; Adani Power up 2%"},"content":{"rendered":"<p>Shares of power and sugar companies surged in the morning trade on Tuesday after the Supreme Court quashed the Reserve Bank of India\u2019s February 12 circular via which the banking sector regulator had asked banks to take defaulting power, sugar, shipping and other sector companies to insolvency. <\/p>\n<p>At 10:50 am, shares of Tata Power were trading over 2 per cent higher at Rs 76 apiece while those of Adani Power gained 3 per cent. NTPC was trading nearly a per cent higher at Rs 136 while Power Grid was ruling nearly 2.50 per cent at Rs 200.45. <\/p>\n<p>Select sugar stocks, too, rallied in the trade. EID Parry was trading over half a per cent higher at Rs 206.60 apiece on BSE while Sakthi Sugars was up nearly 3 per cent at Rs 11.49. In comparison, the benchmark S&amp;P BSE Sensex was trading flat at 38,908, up 36 points.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of power and sugar companies surged in the morning trade on Tuesday after the Supreme Court quashed the Reserve Bank of India\u2019s February 12 circular via which the banking sector regulator had asked banks to take defaulting power, sugar, shipping and other sector companies to insolvency. At 10:50 am, shares of Tata Power were trading over 2 per cent higher at Rs 76 apiece while those of Adani Power gained 3 per cent. NTPC was trading nearly a per cent higher at Rs 136 while Power Grid was ruling nearly 2.50 per cent at Rs 200.45. Select sugar stocks, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-267731","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/267731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=267731"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/267731\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=267731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=267731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=267731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}