Market Now: Power stocks bullish; Torrent Power, BHEL up 4%

NEW DELHI: Most of the power stocks including Torrent Power (up 4.55 per cent), Bharat Heavy Electricals (BHEL) (up 4.36 per cent), Reliance Power (up 3.55 per cent) and Adani Power (up 3.13 per cent) were trading up in afternoon trade on Thursday.

The BSE Power index was trading 0.71 per cent up at 2,232 around 01:10 pm (IST).

Shares of Reliance Infrastructure (up 2.91 per cent), JSW Energy (up 2.69 per cent), PTC India (up 2.65 per cent), CG Power and Industrial Solutions (up 2.50 per cent), Suzlon Energy (up 1.99 per cent), Adani Transmission (up 1.88 per cent), GMR Infrastructure (up 1.83 per cent) and Siemens (up 1.58 per cent) were also among the top gainers.


However, Power Grid Corporation of India (down 1.38 per cent), KEC International (down 1.14 per cent) and NHPC (down 0.17 per cent) were trading down in the power index around that time.

Benchmark BSE Sensex was 399 points up at 34,481, while the NSE Nifty50 index was 113 points up at 10,589.

Among the 50 stocks in the Nifty50 index, 40 were trading in the green, while 10 were in the red.

Shares of Sun Pharma and Dr Reddy's Labs were up 3 per cent in the Sensex index.