Money on the markets
A maturing market amid the mayhem
Power stocks posted decent gains on Tuesday, sending the power index up 1.15 percent to the top of the sectoral gainers list.
ABB shares topped the index, closing 4.6 percent higher, followed by Siemens which gained 3.7 percent.
JSW Energy, GVK Power and Adani Power were among the stocks on the losing side.
Do you think it’s a good time to invest in power stocks?
The 30-share sensitive index swung from an intra-day high of 15,234 to an intra-day low of 14,955 and closed 128 points lower at 15,062.
The stock market was choppy today as slipping Asian stocks and weak U.S. manufacturing data sparked profit-taking.
Asian stocks fell for a second day after weak U.S. factory data and news of record job losses in Europe raised concerns about the world economy.