Rel Infra, Tata Power trip ahead of Delhi election outcome

Both stocks witnessed pressure on fears that AAP party would conduct inspection of books if it comes to power in Delhi

Shares of power distribution companies in Delhi witnessed profit taking ahead of the outcome of the Delhi elections in which exit polls suggest that the Arvind Kejriwal-led Aam Aadmi Party (AAP) would form the government in Delhi.

It may be recalled that AAP in its election manifesto said it would look into the subsidies and also conduct inspection of books of power distribution companies if it comes to power in Delhi.

Tata Power opened at Rs 81 and touched a low of Rs 79. At 2PM, over 4.2 million shares were traded on both the stock exchanges

Reliance Infrastrucutre opened at Rs 449 and touched a low of Rs 427. At 2PM, over 4.2 million shares were traded on both the stock exchanges.