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Our Bureau

Mumbai, Nov. 9

The Bombay Stock Exchange (BSE) has launched a new index to track the performance of companies in the power and energy sector. Christened BSE Power index, the new index comprises companies that are into the business of generation, transmission and distribution of electricity.

Firms providing power infrastructure and manufacturers of equipments required for power generation will also be a part of this index, said a communication from the BSE. As on the launch date, the index comprises 14 scrips and it represents about 90 per cent market capitalisation of the BSE-listed power sector companies.

BHEL, Reliance Energy and NTPC are some of the stocks that will have maximum weightage on this index.

Power stocks have been doing well on the bourses of late. Stocks of sector heavyweights such as Tata Power, NTPC and Reliance Energy have been giving outstanding returns to investors.

More Stories on : Stock Markets | Power

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