Read more about Utilties stocks gain on Business Standard. Utilties stocks were trading in green, with the S&P BSE Utilities index increasing 36.74 points or 1.74% at 2148.48 at 09:48 IST.
Power stocks were trading in the positive zone, with the S&P BSE Power index rising 8.54 points or 0.35% at 2456.75 at 09:49 IST. Among the components of the S&P BSE Power index, Adani Transmission Ltd (up 2.79%), Adani Green Energy Ltd (up 1.62%),Bharat Heavy Electricals Ltd (up 1.48%),NHPC Ltd (up 1.44%),K E C International Ltd (up 1.21%), were the top gainers. Among the other gainers were NTPC Ltd (up 0.74%), and Siemens Ltd (up 0.51%). On the other hand, Thermax Ltd (down 1.28%), ABB India Ltd (down 1.08%), and Power Grid Corporation of India Ltd (down 1.08%) moved lower.
At 09:49 IST, the S&P BSE Sensex was down 744.51 or 1.46% at 50294.8.
The domestic equity benchmarks came off the day s low in mid-afternoon trade. The Nifty reclaimed the 14,600 mark. A spike in domestic and global bond yields coupled with rising coronavirus cases spoiled investors appetite for risk assets.
At 14:21 IST, the barometer index, the S&P BSE Sensex, was down 1546.09 points or 3.03% to 49,493.22. The Nifty 50 index was down 437.20 points or 2.90% to 14,660.15.
Meanwhile, the US Dow Jones 30 Futures bounced back and was trading up 50 points, indicating a flat to positive opening in the US market today.
In the broader market, the S&P BSE Mid-Cap index declined 1.50% and the S&P BSE Small-Cap index lost 0.57%. Both the indices outperformed the Sensex.
Read more about Utilties shares fall on Business Standard. Utilties stocks were trading in the negative zone, with the S&P BSE Utilities index falling 5.38 points or 0.26% at 2064.58 at 13:49 IST.
To sell 25.51% stake in Ratnagiri Gas and Power to NTPCGAIL (India) has executed Share Purchase Agreements with NTPC on 23 February 2021.
a) Purchase of NTPC s entire shareholding (14.82%) in Konkan LNG (KLL).
Consequently, GAIL s shareholding in KLL increased to 92.15%.
b) Sale of GAIL s entire shareholding (25.51%) in Ratnagiri Gas and Power (RGPPL) to NTPC. Consequently, GAIL s shareholding in RGPPL reduced to NIL.
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