BSE Power zooms ahead of Budget 2017
DSIJ Intelligence / 31 Jan 2017
While the benchmark indices are trading in red, S&P BSE Power is standing strong in green on Tuesday morning, up about 1 per cent.
Ahead of the Union Budget, decent run up market is seeing some profit booking during morning hours on Monday with Nifty down by 39 points, is trading at 8,593.75 and the BSE benchmark Sensex is trading at 27,733.51, down about 116.05 till 10:30 am.
The leading power stocks include-Thermax, Adani Power, Tata Power, GMR Infra and Powergrid. All these stocks have gained more than 1 per cent.
In the Union Budget, the bosses of power sectors are expecting the Finance Minister to propose provisions and guidelines for attracting more investment in the sector. The government may also incentivise power generating companies for producing renewable energy.
Apart from thermal power, solar and wind energy productions will also be in focus to increase the capacity, balance and facilitate demands which may arise by the projected growth of India in its infrastructure segment.
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