Negative sentiments pull down power stocks (The Hindu Business Line 17th Jan 2008) Power sector stocks are trading lower due to over all negative sentiments in the markets, say analysts. The sector is at its lowest point since the beginning of the year. The BSE Power index was down 3.67 per cent today, with 12 stocks declining and only two stocks advancing. Just a week ago this sector had touched its highest ever figure of 4929.34 and today it is down 7.39 per cent from that figure. The sector closed the day at 4462.33, which is 169.94 points down from Tuesday’s close. Reliance Energy, which was down 4.14 per cent, NTPC (5.55 per cent) and BHEL (4.42 per cent), were among the top losers of the day. The other power sector stocks that took a beating today were: Tata Power (5.63 per cent), GVK Power and Infrastructure Ltd (2.22 per cent) and GMR Infrastructure Ltd (1.36 per cent). More Reliance Ind, Reliance Energy recover on fund buying (The Hindu Business Line 17th Jan 2008)Reliance Ind...
This is my investment scrapbook. My request to viewers would be to use their own judgment before taking call on any shares mentioned here. Moreover, although I always try to be accurate and correct , there is no guarantee of the accuracy and correctness of the information provided here. Viewers would be using information provided here at their own risk. I won't be liable for any loss whatsoever for transaction based on the information provided here.