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Monday, September 8, 2008

UPDATES ON SEPT 9 2008

SEPT 9 TUESDAY

INVESTORS RUSH FOR POWER STOCKS.

NSG clearence to India to pursue nuclear commerce with

nuclear fuel and technology rich nations led investors to

rush for power company stocks on Monday.

Acoording to a report brought out by Assocham

india's nuclear power has the potential of attracting

investments worth 2 lakh crore in 15 years.

Power producig and equipment manufacturing

companie's stocks moved up soon after the market

opened up in the morning.

BSE Power index closed 3.36 % up.

Public sector company Power Grid gained 5.11 %.

The largest PSU power producing company NTPC

gained 4.58 %.

Reliance infrastructures gained 4.19 % .

Reliance Power gained 3.71%

GVK Power gained 3.06 %.

Tata Power gained 1.90 %.

GMR Infrastructure was up 1.80 5.

Shares of power equipment manufacturers also

gained.

BHEL was up 3.40 %.

ABB was up 2.40 %.

Crompton was up 3.38 %.
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