Power producers rise on tax holiday proposal in budget

Reuters Market Eye - Shares of power producers gain sharply after the finance minister proposed a 10-year tax holiday for power generation companies.

Tata Power Co Ltd rises 4.5 percent, NTPC Ltd is up 2.9 percent, Adani Power Ltd gains 6.9 percent and JSW Energy Ltd is 7.8 percent higher.

(Reporting by Indulal PM)