Power stocks fire up; Adani, NTPC, JSW, ABB, Siemens hit new highs

The S&P BSE Power power index hit a new high of 7,112.42 in the intraday trade. Thus far in the calendar year, the index has rallied 22 per cent

Shares of power generation and its related companies were in focus on Thursday, as they rallied up to 5 per cent on the BSE in Thursday's intra-day trade on strong demand.

At 11:03 am, the S&P BSE Power index, the top gainer among sectoral indices, was up 1.1 per cent as compared to 0.26 per cent decline in the S&P BSE Sensex.

The power index also hit a new high of 7,112.42 in the intraday trade. Thus far in the calendar year, the index has rallied 22 per cent as compared to a 2 per cent rise in the benchmark