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Utilties stocks tumble

Capital Market 

Utilties stocks were trading in red, with the S&P BSE Utilities index decreasing 25.16 points or 1.44% at 1722.29 at 13:48 IST.

Among the components of the S&P BSE Utilities index, BF Utilities Ltd (down 4.9%), Jaiprakash Power Ventures Ltd (down 4.61%),GVK Power & Infrastructure Ltd (down 3.64%),GAIL (India) Ltd (down 3.1%),JSW Energy Ltd (down 3%), were the top losers. Among the other losers were Va Tech Wabag Ltd (down 2.98%), Power Grid Corporation of India Ltd (down 2.02%), NTPC Ltd (down 1.68%), Tata Power Company Ltd (down 1.43%), and GE T&D India Ltd (down 1.12%).

On the other hand, Reliance Power Ltd (up 4.95%), Rattanindia Power Ltd (up 1.06%), and Adani Transmission Ltd (up 0.92%) turned up.

At 13:48 IST, the S&P BSE Sensex was down 152.36 or 0.38% at 40335.07.

The Nifty 50 index was down 59.45 points or 0.5% at 11878.05.

The S&P BSE Small-Cap index was down 80.22 points or 0.6% at 13200.28.

The S&P BSE 150 Midcap Index index was down 23.91 points or 0.51% at 4631.28.

On BSE,807 shares were trading in green, 1514 were trading in red and 152 were unchanged.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 10 2019. 14:00 IST
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